VanEck Robotics ETF (NASDAQ:IBOT) Stock Short Interest Report for October

VanEck Robotics ETF (NASDAQ:IBOT) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 32,476 shares, a drop of 39.1% from the September 30th total of 53,328 shares. Based on an average trading volume of 9,808 shares, the short-interest ratio is presently 3.3 days. Currently, 2.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. TD Waterhouse Canada Inc. raised its position in VanEck Robotics ETF by 41.4% during the third quarter. TD Waterhouse Canada Inc. now owns 837 shares of the company’s stock worth $55,000 after acquiring an additional 245 shares during the last quarter. Strategic Family Wealth Counselors L.L.C. lifted its holdings in VanEck Robotics ETF by 6.4% during the 3rd quarter. Strategic Family Wealth Counselors L.L.C. now owns 4,445 shares of the company’s stock worth $287,000 after buying an additional 266 shares during the last quarter. First Heartland Consultants Inc. acquired a new stake in VanEck Robotics ETF in the second quarter worth $420,000. Investment Insight Wealth Management LLC lifted its holdings in VanEck Robotics ETF by 22.2% in the third quarter. Investment Insight Wealth Management LLC now owns 8,180 shares of the company’s stock worth $528,000 after purchasing an additional 1,486 shares during the period. Finally, Tidal Investments LLC lifted its position in shares of VanEck Robotics ETF by 16.0% during the 2nd quarter. Tidal Investments LLC now owns 8,631 shares of the company’s stock valued at $594,000 after acquiring an additional 1,191 shares during the last quarter.

VanEck Robotics ETF Trading Down 2.9%

NASDAQ IBOT opened at $62.02 on Friday. VanEck Robotics ETF has a 12-month low of $47.92 and a 12-month high of $69.42. The firm’s fifty day simple moving average is $64.24 and its two-hundred day simple moving average is $62.25. The firm has a market capitalization of $99.23 million, a P/E ratio of 27.21 and a beta of 1.37.

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.