VanEck Robotics ETF (NASDAQ:IBOT) Short Interest Down 56.9% in August

VanEck Robotics ETF (NASDAQ:IBOTGet Free Report) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 9,465 shares, a decline of 56.9% from the August 15th total of 21,986 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average trading volume of 16,167 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On VanEck Robotics ETF

Several hedge funds have recently modified their holdings of IBOT. First Heartland Consultants Inc. purchased a new position in VanEck Robotics ETF in the 2nd quarter valued at $420,000. Accel Wealth Management raised its position in VanEck Robotics ETF by 30.4% during 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, Tidal Investments LLC lifted its stake in shares of VanEck Robotics ETF by 16.0% in the 2nd quarter. Tidal Investments LLC now owns 8,631 shares of the company’s stock worth $594,000 after acquiring an additional 1,191 shares during the period.

VanEck Robotics ETF Stock Performance

VanEck Robotics ETF stock traded down $0.15 during mid-day trading on Tuesday, reaching $61.93. 12,578 shares of the company were exchanged, compared to its average volume of 18,465. VanEck Robotics ETF has a twelve month low of $47.92 and a twelve month high of $69.42. The firm’s 50-day simple moving average is $65.25 and its two-hundred day simple moving average is $62.79. The firm has a market cap of $92.89 million, a PE ratio of 27.21 and a beta of 1.36.

VanEck Robotics ETF Company Profile

(Get Free Report)

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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