VanEck Robotics ETF (NASDAQ:IBOT – Get Free Report) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 53,328 shares, an increase of 157.0% from the September 15th total of 20,749 shares. Currently, 3.3% of the shares of the company are sold short. Based on an average trading volume of 11,076 shares, the short-interest ratio is currently 4.8 days.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Tidal Investments LLC raised its stake 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 worth $594,000 after purchasing an additional 1,191 shares during the period. Accel Wealth Management boosted its holdings in shares of VanEck Robotics ETF by 30.4% in the 2nd quarter. Accel Wealth Management now owns 14,667 shares of the company’s stock worth $1,009,000 after buying an additional 3,420 shares during the last quarter. Finally, First Heartland Consultants Inc. purchased a new position in shares of VanEck Robotics ETF in the 2nd quarter worth about $420,000.
VanEck Robotics ETF Trading Down 0.8%
Shares of IBOT traded down $0.55 on Monday, reaching $65.14. 7,970 shares of the company’s stock traded hands, compared to its average volume of 17,740. The stock’s 50 day simple moving average is $65.50 and its two-hundred day simple moving average is $63.95. The stock has a market cap of $104.22 million, a PE ratio of 27.21 and a beta of 1.37. VanEck Robotics ETF has a 52-week low of $47.92 and a 52-week high of $69.42.
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.
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