VanEck Robotics ETF (NASDAQ:IBOT) Short Interest Update

VanEck Robotics ETF (NASDAQ:IBOT) was the recipient of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 15,677 shares, a decrease of 58.8% from the February 26th total of 38,009 shares. Based on an average trading volume of 16,701 shares, the days-to-cover ratio is presently 0.9 days. Approximately 2.1% of the company’s shares are sold short.

Institutional Investors Weigh In On VanEck Robotics ETF

Institutional investors have recently modified their holdings of the company. Jane Street Group LLC purchased a new stake in shares of VanEck Robotics ETF in the 1st quarter valued at $256,000. Flow Traders U.S. LLC purchased a new position in VanEck Robotics ETF during the 2nd quarter valued at about $607,000. Accel Wealth Management acquired a new position in VanEck Robotics ETF in the 3rd quarter valued at about $453,000. Avestar Capital LLC purchased a new stake in VanEck Robotics ETF during the third quarter worth about $1,983,000. Finally, Glassman Wealth Services purchased a new stake in VanEck Robotics ETF during the third quarter worth about $79,000.

VanEck Robotics ETF Stock Performance

NASDAQ:IBOT opened at $54.76 on Thursday. VanEck Robotics ETF has a fifty-two week low of $33.42 and a fifty-two week high of $61.34. The company has a 50 day moving average price of $57.28 and a 200 day moving average price of $53.56. The stock has a market capitalization of $41.07 million, a P/E ratio of 27.21 and a beta of 1.28.

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.