VanEck Robotics ETF (NASDAQ:IBOT) Short Interest Down 71.2% in July

VanEck Robotics ETF (NASDAQ:IBOT) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 6,031 shares, a decline of 71.2% from the July 15th total of 20,941 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 15,613 shares, the days-to-cover ratio is presently 0.4 days.

VanEck Robotics ETF Price Performance

IBOT opened at $68.69 on Thursday. The company has a market capitalization of $103.03 million, a PE ratio of 27.21 and a beta of 1.37. The firm has a 50-day simple moving average of $65.71 and a two-hundred day simple moving average of $61.62. VanEck Robotics ETF has a 52 week low of $46.22 and a 52 week high of $69.40.

Hedge Funds Weigh In On VanEck Robotics ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Accel Wealth Management grew its holdings in VanEck Robotics ETF by 30.4% during the 2nd quarter. Accel Wealth Management now owns 14,667 shares of the company’s stock valued at $1,009,000 after buying an additional 3,420 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of VanEck Robotics ETF during the 1st quarter worth approximately $256,000. Finally, First Heartland Consultants Inc. bought a new position in shares of VanEck Robotics ETF during the 2nd quarter valued at approximately $420,000.

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.