VanEck Robotics ETF (NASDAQ:IBOT) Sees Significant Decline in Short Interest

VanEck Robotics ETF (NASDAQ:IBOT) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 7,136 shares, a decrease of 82.0% from the May 14th total of 39,617 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 23,779 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in IBOT. Jane Street Group LLC acquired a new position in VanEck Robotics ETF during the 1st quarter worth about $256,000. Avestar Capital LLC bought a new stake in VanEck Robotics ETF during the 3rd quarter worth about $1,983,000. Glassman Wealth Services bought a new stake in VanEck Robotics ETF during the 3rd quarter worth about $79,000. Finally, Accel Wealth Management raised its holdings in VanEck Robotics ETF by 8.8% during the 4th quarter. Accel Wealth Management now owns 9,867 shares of the company’s stock worth $519,000 after purchasing an additional 800 shares during the last quarter.

VanEck Robotics ETF Trading Up 0.2%

NASDAQ IBOT traded up $0.12 on Friday, hitting $65.44. 23,985 shares of the company were exchanged, compared to its average volume of 19,187. The firm has a 50 day moving average of $62.41 and a two-hundred day moving average of $57.80. The company has a market cap of $71.98 million, a P/E ratio of 27.21 and a beta of 1.38. VanEck Robotics ETF has a 1-year low of $43.21 and a 1-year high of $67.61.

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.