VanEck Robotics ETF (NASDAQ:IBOT) Short Interest Update

VanEck Robotics ETF (NASDAQ:IBOT) was the target of a large decline in short interest in November. As of November 15th, there was short interest totalling 6,600 shares, a decline of 10.8% from the October 31st total of 7,400 shares. Based on an average daily trading volume, of 7,100 shares, the days-to-cover ratio is presently 0.9 days.

VanEck Robotics ETF Stock Up 0.7 %

Shares of IBOT opened at $43.93 on Tuesday. VanEck Robotics ETF has a 12 month low of $36.91 and a 12 month high of $47.21. The company has a 50-day moving average price of $43.66 and a two-hundred day moving average price of $43.84. The stock has a market cap of $15.38 million, a price-to-earnings ratio of 30.14 and a beta of 1.34.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in VanEck Robotics ETF stock. Assetmark Inc. boosted its position in shares of VanEck Robotics ETF (NASDAQ:IBOT) by 3.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,284 shares of the company’s stock after acquiring an additional 2,294 shares during the period. Assetmark Inc. owned 22.08% of VanEck Robotics ETF worth $3,464,000 as of its most recent SEC filing.

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.