VanEck Robotics ETF (NASDAQ:IBOT) Stock Short Interest Declines 39.1%

VanEck Robotics ETF (NASDAQ:IBOT) saw a significant decrease in short interest in October. As of October 15th, there was short interest totaling 32,476 shares, a decrease of 39.1% from the September 30th total of 53,328 shares. Approximately 2.0% of the company’s stock are short sold. Based on an average daily volume of 9,808 shares, the short-interest ratio is currently 3.3 days.

Institutional Investors Weigh In On VanEck Robotics ETF

Institutional investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC purchased a new stake in shares of VanEck Robotics ETF in the third quarter worth approximately $267,000. Investment Insight Wealth Management LLC boosted its holdings in shares of VanEck Robotics ETF by 22.2% during the third quarter. Investment Insight Wealth Management LLC now owns 8,180 shares of the company’s stock worth $528,000 after purchasing an additional 1,486 shares during the period. Strategic Family Wealth Counselors L.L.C. grew its position in VanEck Robotics ETF by 6.4% during the third quarter. Strategic Family Wealth Counselors L.L.C. now owns 4,445 shares of the company’s stock valued at $287,000 after purchasing an additional 266 shares in the last quarter. TD Waterhouse Canada Inc. grew its position in VanEck Robotics ETF by 41.4% during the third quarter. TD Waterhouse Canada Inc. now owns 837 shares of the company’s stock valued at $55,000 after purchasing an additional 245 shares in the last quarter. Finally, SBE LLC DBA Cedar Cove Wealth Partners increased its stake in VanEck Robotics ETF by 2.6% in the 3rd quarter. SBE LLC DBA Cedar Cove Wealth Partners now owns 56,421 shares of the company’s stock valued at $3,643,000 after buying an additional 1,449 shares during the period.

VanEck Robotics ETF Stock Up 0.7%

Shares of VanEck Robotics ETF stock traded up $0.45 during midday trading on Tuesday, hitting $62.62. The company’s stock had a trading volume of 15,214 shares, compared to its average volume of 17,452. VanEck Robotics ETF has a 1-year low of $47.92 and a 1-year high of $69.42. The firm has a market capitalization of $100.19 million, a P/E ratio of 26.96 and a beta of 1.40. The stock has a 50-day simple moving average of $64.17 and a 200-day simple moving average of $62.28.

About VanEck Robotics ETF

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.