VanEck Robotics ETF (NASDAQ:IBOT) Short Interest Down 95.0% in December

VanEck Robotics ETF (NASDAQ:IBOT) saw a large decrease in short interest in December. As of December 31st, there was short interest totaling 4,472 shares, a decrease of 95.0% from the December 15th total of 89,044 shares. Based on an average daily trading volume, of 6,646 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.7% of the shares of the stock are sold short. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 6,646 shares, the days-to-cover ratio is currently 0.7 days.

VanEck Robotics ETF Price Performance

Shares of VanEck Robotics ETF stock traded up $0.24 during trading on Monday, hitting $56.28. 23,363 shares of the company’s stock traded hands, compared to its average volume of 16,683. The firm’s fifty day moving average price is $52.19 and its 200 day moving average price is $49.84. The company has a market cap of $34.89 million, a PE ratio of 27.21 and a beta of 1.28. VanEck Robotics ETF has a twelve month low of $33.42 and a twelve month high of $56.39.

VanEck Robotics ETF Dividend Announcement

The business also recently declared an annual dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were given a $0.20 dividend. This represents a yield of 38.0%. The ex-dividend date was Monday, December 22nd.

Institutional Investors Weigh In On VanEck Robotics ETF

Several institutional investors and hedge funds have recently made changes to their positions in IBOT. Glassman Wealth Services acquired a new stake in shares of VanEck Robotics ETF during the 3rd quarter worth about $79,000. Jane Street Group LLC acquired a new stake in shares of VanEck Robotics ETF during the first quarter worth approximately $256,000. Accel Wealth Management bought a new position in shares of VanEck Robotics ETF in the third quarter valued at approximately $453,000. Flow Traders U.S. LLC acquired a new position in shares of VanEck Robotics ETF in the 2nd quarter worth approximately $607,000. Finally, Avestar Capital LLC acquired a new position in shares of VanEck Robotics ETF in the 3rd quarter worth approximately $1,983,000.

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.