VanEck Robotics ETF (NASDAQ:IBOT – Get Free Report) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 7,136 shares, a drop of 82.0% from the May 14th total of 39,617 shares. Based on an average daily volume of 23,779 shares, the short-interest ratio is currently 0.3 days. Currently, 0.6% of the shares of the stock are sold short.
VanEck Robotics ETF Trading Down 2.8%
IBOT stock traded down $1.83 during trading on Wednesday, hitting $62.66. 17,061 shares of the stock traded hands, compared to its average volume of 19,052. VanEck Robotics ETF has a one year low of $43.21 and a one year high of $67.61. The stock has a market cap of $68.93 million, a price-to-earnings ratio of 27.21 and a beta of 1.38. The company has a 50 day simple moving average of $61.93 and a 200 day simple moving average of $57.58.
Institutional Investors Weigh In On VanEck Robotics ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in IBOT. Glassman Wealth Services acquired a new stake in VanEck Robotics ETF in the 3rd quarter valued at about $79,000. Jane Street Group LLC acquired a new stake in VanEck Robotics ETF in the 1st quarter valued at about $256,000. Accel Wealth Management increased its position in VanEck Robotics ETF by 8.8% in the 4th quarter. Accel Wealth Management now owns 9,867 shares of the company’s stock valued at $519,000 after acquiring an additional 800 shares in the last quarter. Finally, Avestar Capital LLC acquired a new stake in VanEck Robotics ETF in the 3rd quarter valued at about $1,983,000.
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.
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