VanEck Robotics ETF (NASDAQ:IBOT) Short Interest Up 123.2% in February

VanEck Robotics ETF (NASDAQ:IBOT) was the recipient of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 38,009 shares, an increase of 123.2% from the February 12th total of 17,026 shares. Approximately 5.1% of the shares of the stock are short sold. Based on an average trading volume of 36,575 shares, the short-interest ratio is presently 1.0 days. Based on an average trading volume of 36,575 shares, the short-interest ratio is presently 1.0 days. Approximately 5.1% of the shares of the stock are short sold.

VanEck Robotics ETF Trading Down 1.6%

NASDAQ:IBOT opened at $54.20 on Friday. The stock has a 50-day moving average price of $57.45 and a 200 day moving average price of $53.11. The stock has a market capitalization of $40.65 million, a P/E ratio of 27.21 and a beta of 1.28. VanEck Robotics ETF has a 12-month low of $33.42 and a 12-month high of $61.34.

VanEck Robotics ETF Dividend Announcement

The business also recently announced an annual dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were issued a $0.20 dividend. This represents a dividend yield of 38.0%. The ex-dividend date of this dividend was Monday, December 22nd.

Institutional Trading of VanEck Robotics ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Glassman Wealth Services purchased a new stake in VanEck Robotics ETF in the 3rd quarter worth $79,000. Jane Street Group LLC purchased a new position in shares of VanEck Robotics ETF during the first quarter valued at about $256,000. Accel Wealth Management purchased a new position in shares of VanEck Robotics ETF during the third quarter valued at about $453,000. Flow Traders U.S. LLC bought a new stake in shares of VanEck Robotics ETF in the second quarter worth about $607,000. Finally, Avestar Capital LLC bought a new stake in shares of VanEck Robotics ETF in the third quarter worth about $1,983,000.

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.