VanEck Robotics ETF (NASDAQ:IBOT) Short Interest Update

VanEck Robotics ETF (NASDAQ:IBOT) saw a large drop in short interest in 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 presently 0.3 days. Currently, 0.6% of the company’s stock are sold short.

Institutional Investors Weigh In On VanEck Robotics ETF

A number of institutional investors and hedge funds have recently bought and sold shares of IBOT. Avestar Capital LLC purchased a new stake in VanEck Robotics ETF in the 3rd quarter valued at $1,983,000. Jane Street Group LLC purchased a new stake in VanEck Robotics ETF in the 1st quarter valued at $256,000. Glassman Wealth Services purchased a new stake in VanEck Robotics ETF in the 3rd quarter valued at $79,000. Finally, Accel Wealth Management raised 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 buying an additional 800 shares during the last quarter.

VanEck Robotics ETF Stock Up 4.0%

NASDAQ IBOT traded up $2.53 on Thursday, reaching $65.32. The company had a trading volume of 25,829 shares, compared to its average volume of 19,144. The stock has a market capitalization of $71.85 million, a P/E ratio of 27.21 and a beta of 1.38. The company’s fifty day moving average is $62.41 and its 200 day moving average is $57.80. VanEck Robotics ETF has a 52-week low of $43.21 and a 52-week high of $67.61.

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.