VanEck Robotics ETF (NASDAQ:IBOT) Short Interest Update

VanEck Robotics ETF (NASDAQ:IBOT) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 21,986 shares, a growth of 264.5% from the July 30th total of 6,031 shares. Based on an average trading volume of 13,403 shares, the short-interest ratio is currently 1.6 days. Approximately 1.5% of the shares of the stock are sold short.

VanEck Robotics ETF Trading Down 1.8%

NASDAQ:IBOT traded down $1.20 during midday trading on Friday, hitting $65.63. 19,984 shares of the stock were exchanged, compared to its average volume of 18,719. VanEck Robotics ETF has a one year low of $46.22 and a one year high of $69.42. The company has a market capitalization of $98.44 million, a price-to-earnings ratio of 27.21 and a beta of 1.37. The business has a 50-day moving average price of $65.96 and a two-hundred day moving average price of $62.37.

Institutional Trading of VanEck Robotics ETF

A number of hedge funds and other institutional investors have recently modified their holdings of IBOT. First Heartland Consultants Inc. bought a new position in VanEck Robotics ETF during the second quarter valued at about $420,000. Jane Street Group LLC acquired a new stake in VanEck Robotics ETF in the 1st quarter valued at about $256,000. Finally, Accel Wealth Management boosted its position in shares of VanEck Robotics ETF by 30.4% during the 2nd quarter. Accel Wealth Management now owns 14,667 shares of the company’s stock valued at $1,009,000 after purchasing an additional 3,420 shares in the last quarter.

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.