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

VanEck Robotics ETF (NASDAQ:IBOT) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 21,986 shares, a growth of 264.5% from the July 30th total of 6,031 shares. Approximately 1.5% of the shares of the company are short sold. Based on an average daily volume of 13,403 shares, the short-interest ratio is currently 1.6 days.

VanEck Robotics ETF Stock Up 0.2%

NASDAQ IBOT opened at $65.95 on Thursday. The firm has a market cap of $98.92 million, a P/E ratio of 27.21 and a beta of 1.37. The company’s 50 day moving average is $66.00 and its 200-day moving average is $62.31. VanEck Robotics ETF has a 12-month low of $46.22 and a 12-month high of $69.42.

Institutional Investors Weigh In On VanEck Robotics ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC purchased a new stake in shares of VanEck Robotics ETF during the first quarter worth $256,000. First Heartland Consultants Inc. purchased a new position in shares of VanEck Robotics ETF in the second quarter valued at $420,000. Finally, Accel Wealth Management raised its stake in shares of 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 purchasing an additional 3,420 shares during the 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.