VanEck Robotics ETF (NASDAQ:IBOT – Get Free Report) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 20,749 shares, an increase of 119.2% from the August 31st total of 9,465 shares. Approximately 1.3% of the company’s shares are sold short. Based on an average trading volume of 14,056 shares, the days-to-cover ratio is presently 1.5 days.
Institutional Investors Weigh In On VanEck Robotics ETF
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Tidal Investments LLC grew its position in shares of VanEck Robotics ETF by 16.0% during the 2nd quarter. Tidal Investments LLC now owns 8,631 shares of the company’s stock worth $594,000 after buying an additional 1,191 shares in the last quarter. Accel Wealth Management raised its holdings in shares of VanEck Robotics ETF by 30.4% in the second quarter. Accel Wealth Management now owns 14,667 shares of the company’s stock valued at $1,009,000 after acquiring an additional 3,420 shares in the last quarter. Finally, First Heartland Consultants Inc. bought a new stake in shares of VanEck Robotics ETF in the second quarter valued at about $420,000.
VanEck Robotics ETF Trading Up 1.4%
Shares of VanEck Robotics ETF stock traded up $0.90 on Friday, hitting $64.89. 6,846 shares of the company traded hands, compared to its average volume of 18,173. The company has a market cap of $102.53 million, a PE ratio of 27.21 and a beta of 1.36. The stock’s 50 day moving average price is $65.08 and its 200-day moving average price is $63.06. VanEck Robotics ETF has a 52 week low of $47.92 and a 52 week high of $69.42.
VanEck Robotics ETF Company Profile
The Vaneck Robotics ETF (IBOT) is an exchange-traded fund that is based on the BlueStar Robotics index. The fund tracks an index designed to provide exposure to companies involved in early adoption of commercial and industrial robotics, globally. Stocks are selected based on the amount of revenue tied to the theme IBOT was launched on Apr 5, 2023 and is managed by VanEck.
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