VanEck Robotics ETF (NASDAQ:IBOT – Get Free Report) was the recipient 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. Approximately 3.3% of the company’s stock are short sold. Based on an average trading volume of 11,076 shares, the short-interest ratio is currently 4.8 days.
Institutional Investors Weigh In On VanEck Robotics ETF
Institutional investors have recently modified their holdings of the stock. Tidal Investments LLC grew its stake in VanEck Robotics ETF by 16.0% in 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 in the last quarter. Accel Wealth Management increased its holdings in VanEck Robotics ETF by 30.4% in the second quarter. Accel Wealth Management now owns 14,667 shares of the company’s stock valued at $1,009,000 after buying an additional 3,420 shares during the last quarter. Finally, First Heartland Consultants Inc. bought a new stake in VanEck Robotics ETF in the second quarter valued at about $420,000.
VanEck Robotics ETF Trading Up 0.1%
NASDAQ IBOT traded up $0.04 during trading hours on Tuesday, reaching $65.18. 7,354 shares of the company traded hands, compared to its average volume of 17,685. VanEck Robotics ETF has a 12 month low of $47.92 and a 12 month high of $69.42. The stock has a market capitalization of $104.29 million, a PE ratio of 27.21 and a beta of 1.37. The company has a 50 day moving average of $65.50 and a two-hundred day moving average of $63.95.
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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