Short Interest in VanEck Robotics ETF (NASDAQ:IBOT) Drops By 63.5%

VanEck Robotics ETF (NASDAQ:IBOT) was the target of a large drop in short interest in February. As of February 13th, there was short interest totaling 17,026 shares, a drop of 63.5% from the January 29th total of 46,672 shares. Based on an average daily volume of 17,619 shares, the short-interest ratio is currently 1.0 days. Approximately 2.3% of the shares of the stock are short sold. Approximately 2.3% of the shares of the stock are short sold. Based on an average daily volume of 17,619 shares, the short-interest ratio is currently 1.0 days.

Hedge Funds Weigh In On VanEck Robotics ETF

Several institutional investors and hedge funds have recently modified their holdings of IBOT. Accel Wealth Management boosted its stake in shares of VanEck Robotics ETF by 8.8% in the fourth quarter. Accel Wealth Management now owns 9,867 shares of the company’s stock valued at $519,000 after purchasing an additional 800 shares during the period. Glassman Wealth Services acquired a new stake in VanEck Robotics ETF in the third quarter worth $79,000. Avestar Capital LLC bought a new stake in VanEck Robotics ETF in the third quarter valued at $1,983,000. Flow Traders U.S. LLC acquired a new stake in shares of VanEck Robotics ETF in the 2nd quarter worth approximately $607,000. Finally, Jane Street Group LLC bought a new position in shares of VanEck Robotics ETF during the 1st quarter valued at about $256,000.

VanEck Robotics ETF Stock Performance

VanEck Robotics ETF stock opened at $61.03 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 market capitalization of $45.78 million, a price-to-earnings ratio of 27.21 and a beta of 1.28. The stock has a fifty day moving average of $56.41 and a two-hundred day moving average of $52.33.

VanEck Robotics ETF Dividend Announcement

The company also recently declared an annual dividend, which was paid on Friday, December 26th. Shareholders of record on Monday, December 22nd were paid a dividend of $0.20 per share. This represents a dividend yield of 38.0%. The ex-dividend date of this dividend was Monday, December 22nd.

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.