VanEck Robotics ETF (NASDAQ:IBOT – Get Free Report) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 53,328 shares, a growth of 157.0% from the September 15th total of 20,749 shares. Based on an average daily trading volume, of 11,076 shares, the days-to-cover ratio is presently 4.8 days. Currently, 3.3% of the company’s stock are sold short.
VanEck Robotics ETF Stock Performance
NASDAQ:IBOT traded down $1.30 during trading hours on Wednesday, hitting $63.84. 7,910 shares of the company’s stock traded hands, compared to its average volume of 17,637. The stock’s fifty day moving average price is $65.36 and its two-hundred day moving average price is $64.10. The firm has a market cap of $102.15 million, a P/E ratio of 27.21 and a beta of 1.37. VanEck Robotics ETF has a twelve month low of $47.92 and a twelve month high of $69.42.
Hedge Funds Weigh In On VanEck Robotics ETF
Several institutional investors and hedge funds have recently bought and sold shares of the business. First Heartland Consultants Inc. acquired a new position in shares of VanEck Robotics ETF in the 2nd quarter valued at about $420,000. Tidal Investments LLC boosted its holdings in shares of VanEck Robotics ETF by 16.0% during the second quarter. Tidal Investments LLC now owns 8,631 shares of the company’s stock worth $594,000 after purchasing an additional 1,191 shares during the period. Finally, Accel Wealth Management boosted its holdings in shares of VanEck Robotics ETF by 30.4% during the second quarter. Accel Wealth Management now owns 14,667 shares of the company’s stock worth $1,009,000 after purchasing an additional 3,420 shares during the period.
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.
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