VanEck Robotics ETF (NASDAQ:IBOT – Get Free Report) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 20,749 shares, a growth of 119.2% from the August 31st total of 9,465 shares. Approximately 1.3% of the company’s stock are short sold. Based on an average daily volume of 14,056 shares, the short-interest ratio is currently 1.5 days.
Hedge Funds Weigh In On VanEck Robotics ETF
Large investors have recently bought and sold shares of the business. Accel Wealth Management lifted its holdings in 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 buying an additional 3,420 shares during the period. Tidal Investments LLC increased its holdings in shares of VanEck Robotics ETF by 16.0% in the 2nd quarter. Tidal Investments LLC now owns 8,631 shares of the company’s stock valued at $594,000 after acquiring an additional 1,191 shares during the period. Finally, First Heartland Consultants Inc. bought a new position in shares of VanEck Robotics ETF in the 2nd quarter worth $420,000.
VanEck Robotics ETF Price Performance
Shares of NASDAQ:IBOT traded up $0.90 during trading hours on Friday, hitting $64.89. The company’s stock had a trading volume of 6,846 shares, compared to its average volume of 18,173. VanEck Robotics ETF has a 52 week low of $47.92 and a 52 week high of $69.42. The company has a market capitalization of $102.53 million, a price-to-earnings ratio of 27.21 and a beta of 1.36. The firm’s fifty day moving average price is $65.08 and its 200 day moving average price is $63.06.
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.
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