VanEck Robotics ETF (NASDAQ:IBOT) Sees Large Increase in Short Interest

VanEck Robotics ETF (NASDAQ:IBOT) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 24,699 shares, an increase of 246.1% from the May 31st total of 7,136 shares. Currently, 2.2% of the company’s shares are sold short. Based on an average daily trading volume, of 26,423 shares, the short-interest ratio is presently 0.9 days.

VanEck Robotics ETF Stock Performance

IBOT traded up $1.11 during trading on Monday, reaching $66.97. 21,686 shares of the company’s stock were exchanged, compared to its average volume of 19,816. The company’s fifty day moving average price is $64.85 and its 200-day moving average price is $59.09. The firm has a market capitalization of $73.67 million, a PE ratio of 27.21 and a beta of 1.38. VanEck Robotics ETF has a fifty-two week low of $45.55 and a fifty-two week high of $69.40.

Hedge Funds Weigh In On VanEck Robotics ETF

An institutional investor recently raised its stake in VanEck Robotics ETF stock. Accel Wealth Management raised its stake in VanEck Robotics ETF (NASDAQ:IBOT) by 8.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,867 shares of the company’s stock after buying an additional 800 shares during the quarter. Accel Wealth Management owned 1.41% of VanEck Robotics ETF worth $519,000 as of its most recent filing with the Securities and Exchange Commission.

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.