VanEck Robotics ETF (NASDAQ:IBOT – Get Free Report) saw a large decrease in short interest in July. As of July 31st, there was short interest totaling 6,031 shares, a decrease of 71.2% from the July 15th total of 20,941 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 15,613 shares, the short-interest ratio is currently 0.4 days.
VanEck Robotics ETF Price Performance
Shares of NASDAQ:IBOT traded up $0.01 during midday trading on Friday, reaching $68.98. The company had a trading volume of 11,740 shares, compared to its average volume of 18,911. The stock’s fifty day moving average price is $65.84 and its 200-day moving average price is $61.76. The stock has a market capitalization of $103.47 million, a P/E ratio of 27.21 and a beta of 1.37. VanEck Robotics ETF has a one year low of $46.22 and a one year high of $69.40.
Institutional Investors Weigh In On VanEck Robotics ETF
Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC acquired a new position in VanEck Robotics ETF in the first quarter worth about $256,000. First Heartland Consultants Inc. acquired a new position in shares of VanEck Robotics ETF in the 2nd quarter worth approximately $420,000. Finally, Accel Wealth Management grew its position in shares of VanEck Robotics ETF by 30.4% in the 2nd quarter. Accel Wealth Management now owns 14,667 shares of the company’s stock worth $1,009,000 after acquiring 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.
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