VanEck Robotics ETF (NASDAQ:IBOT – Get Free Report) saw a significant increase in short interest in May. As of May 15th, there was short interest totaling 39,617 shares, an increase of 125.8% from the April 30th total of 17,542 shares. Based on an average daily volume of 24,888 shares, the days-to-cover ratio is currently 1.6 days. Currently, 3.6% of the company’s stock are short sold.
Hedge Funds Weigh In On VanEck Robotics ETF
A number of institutional investors have recently modified their holdings of the business. Avestar Capital LLC acquired a new position in shares of VanEck Robotics ETF in the 3rd quarter valued at $1,983,000. Accel Wealth Management increased its holdings in shares of 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 acquiring an additional 800 shares during the period. Jane Street Group LLC acquired a new position in shares of VanEck Robotics ETF in the 1st quarter valued at $256,000. Finally, Glassman Wealth Services acquired a new position in shares of VanEck Robotics ETF in the 3rd quarter valued at $79,000.
VanEck Robotics ETF Stock Performance
IBOT stock traded down $0.28 during midday trading on Friday, reaching $66.01. 13,243 shares of the company were exchanged, compared to its average volume of 18,467. VanEck Robotics ETF has a 1-year low of $42.10 and a 1-year high of $67.38. The stock’s 50-day simple moving average is $60.25 and its 200 day simple moving average is $56.78. The company has a market cap of $72.61 million, a price-to-earnings ratio of 27.21 and a beta of 1.38.
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.
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