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

VanEck Robotics ETF (NASDAQ:IBOT) was the recipient of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 11,200 shares, a decrease of 41.1% from the February 28th total of 19,000 shares. Currently, 3.0% of the shares of the company are short sold. Based on an average daily trading volume, of 8,100 shares, the short-interest ratio is presently 1.4 days.

VanEck Robotics ETF Trading Down 2.7 %

Shares of IBOT traded down $1.11 during mid-day trading on Friday, reaching $39.82. The company’s stock had a trading volume of 3,213 shares, compared to its average volume of 5,559. VanEck Robotics ETF has a 1-year low of $39.46 and a 1-year high of $47.21. The business has a 50-day simple moving average of $42.52 and a two-hundred day simple moving average of $42.94. The stock has a market cap of $11.15 million, a P/E ratio of 27.72 and a beta of 1.34.

Institutional Investors Weigh In On VanEck Robotics ETF

A hedge fund recently raised its stake in VanEck Robotics ETF stock. LPL Financial LLC raised its stake in VanEck Robotics ETF (NASDAQ:IBOT) by 33.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,465 shares of the company’s stock after acquiring an additional 2,875 shares during the quarter. LPL Financial LLC owned about 4.09% of VanEck Robotics ETF worth $471,000 at the end of the most recent reporting period.

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.