VanEck Robotics ETF (NASDAQ:IBOT) Short Interest Down 19.7% in April

VanEck Robotics ETF (NASDAQ:IBOT) was the target of a large drop in short interest during the month of April. As of April 15th, there was short interest totaling 14,576 shares, a drop of 19.7% from the March 31st total of 18,145 shares. Currently, 1.3% of the company’s shares are short sold. Based on an average daily trading volume, of 11,126 shares, the short-interest ratio is presently 1.3 days.

VanEck Robotics ETF Trading Up 0.0%

VanEck Robotics ETF stock traded up $0.03 during trading on Friday, hitting $62.18. The company had a trading volume of 18,507 shares, compared to its average volume of 16,978. VanEck Robotics ETF has a 1-year low of $39.79 and a 1-year high of $62.58. The company’s 50 day simple moving average is $57.25 and its 200-day simple moving average is $54.96. The stock has a market cap of $68.40 million, a price-to-earnings ratio of 27.21 and a beta of 1.32.

Institutional Trading of VanEck Robotics ETF

Several institutional investors have recently added to or reduced their stakes in IBOT. Jane Street Group LLC acquired a new stake in VanEck Robotics ETF in the 1st quarter valued at approximately $256,000. Avestar Capital LLC acquired a new stake in VanEck Robotics ETF in the 3rd quarter valued at approximately $1,983,000. Glassman Wealth Services purchased a new position in VanEck Robotics ETF in the 3rd quarter valued at approximately $79,000. Finally, Accel Wealth Management boosted 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 period.

About VanEck Robotics ETF

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.