Short Interest in VanEck Robotics ETF (NASDAQ:IBOT) Grows By 8.0%

VanEck Robotics ETF (NASDAQ:IBOT) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 2,700 shares, a growth of 8.0% from the August 31st total of 2,500 shares. Based on an average trading volume of 3,300 shares, the days-to-cover ratio is currently 0.8 days.

VanEck Robotics ETF Price Performance

IBOT stock opened at $44.17 on Wednesday. VanEck Robotics ETF has a 12 month low of $32.49 and a 12 month high of $47.21. The firm’s 50-day moving average is $43.08 and its 200 day moving average is $43.62. The company has a market capitalization of $13.25 million, a PE ratio of 30.14 and a beta of 1.34.

Hedge Funds Weigh In On VanEck Robotics ETF

A hedge fund recently raised its stake in VanEck Robotics ETF stock. Norwood Financial Corp increased its holdings in VanEck Robotics ETF (NASDAQ:IBOT) by 127.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,825 shares of the company’s stock after acquiring an additional 3,260 shares during the quarter. Norwood Financial Corp owned approximately 2.65% of VanEck Robotics ETF worth $256,000 as of its most recent SEC filing.

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.