Short Interest in VanEck Robotics ETF (NASDAQ:IBOT) Drops By 19.7%

VanEck Robotics ETF (NASDAQ:IBOT) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totaling 14,576 shares, a drop of 19.7% from the March 31st total of 18,145 shares. Approximately 1.3% of the company’s stock are sold short. Based on an average trading volume of 11,126 shares, the days-to-cover ratio is currently 1.3 days.

VanEck Robotics ETF Price Performance

NASDAQ IBOT traded up $0.03 during trading on Friday, hitting $62.18. The company’s stock had a trading volume of 18,507 shares, compared to its average volume of 16,978. The company has a market cap of $68.40 million, a PE ratio of 27.21 and a beta of 1.32. The business’s 50 day simple moving average is $57.25 and its 200-day simple moving average is $54.96. VanEck Robotics ETF has a fifty-two week low of $39.79 and a fifty-two week high of $62.58.

Institutional Investors Weigh In On VanEck Robotics ETF

Institutional investors have recently added to or reduced their stakes in the business. Glassman Wealth Services acquired a new stake in VanEck Robotics ETF in the third quarter worth about $79,000. Jane Street Group LLC acquired a new stake in VanEck Robotics ETF in the first quarter worth about $256,000. Accel Wealth Management boosted its holdings in VanEck Robotics ETF by 8.8% in the fourth quarter. Accel Wealth Management now owns 9,867 shares of the company’s stock worth $519,000 after acquiring an additional 800 shares in the last quarter. Finally, Avestar Capital LLC acquired a new stake in VanEck Robotics ETF in the third quarter worth about $1,983,000.

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.