VanEck Robotics ETF (NASDAQ:IBOT) Short Interest Update
by Scott Moore · The Cerbat GemVanEck Robotics ETF (NASDAQ:IBOT – Get Free Report) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 39,617 shares, a growth of 125.8% from the April 30th total of 17,542 shares. Currently, 3.6% of the shares of the company are short sold. Based on an average trading volume of 24,888 shares, the days-to-cover ratio is currently 1.6 days.
VanEck Robotics ETF Stock Down 0.4%
NASDAQ:IBOT traded down $0.28 during midday trading on Friday, reaching $66.01. The stock had a trading volume of 13,243 shares, compared to its average volume of 18,467. The firm has a fifty day simple moving average of $60.25 and a two-hundred day simple moving average of $56.78. VanEck Robotics ETF has a 12-month low of $42.10 and a 12-month high of $67.38. The stock has a market cap of $72.61 million, a P/E ratio of 27.21 and a beta of 1.38.
Hedge Funds Weigh In On VanEck Robotics ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Accel Wealth Management grew its position in VanEck Robotics ETF by 8.8% in the 4th quarter. Accel Wealth Management now owns 9,867 shares of the company’s stock valued at $519,000 after buying an additional 800 shares during the last quarter. Glassman Wealth Services purchased a new stake in shares of VanEck Robotics ETF in the 3rd quarter worth about $79,000. Jane Street Group LLC purchased a new stake in shares of VanEck Robotics ETF in the 1st quarter worth about $256,000. Finally, Avestar Capital LLC purchased a new stake in shares of VanEck Robotics ETF in the 3rd quarter worth about $1,983,000.
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.