VanEck Robotics ETF (NASDAQ:IBOT – Get Free Report) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 39,617 shares, a growth of 125.8% from the April 30th total of 17,542 shares. Currently, 3.6% of the shares of the company are short sold. Based on an average daily trading volume, of 24,888 shares, the days-to-cover ratio is presently 1.6 days.
VanEck Robotics ETF Stock Performance
IBOT traded up $0.13 during trading on Tuesday, hitting $66.14. The stock had a trading volume of 31,181 shares, compared to its average volume of 18,590. The firm has a market capitalization of $72.75 million, a P/E ratio of 27.21 and a beta of 1.38. The company’s 50-day moving average price is $60.48 and its 200 day moving average price is $56.92. VanEck Robotics ETF has a twelve month low of $42.35 and a twelve month high of $67.38.
Hedge Funds Weigh In On VanEck Robotics ETF
A number of large investors have recently modified their holdings of the business. Accel Wealth Management raised its stake in shares of VanEck Robotics ETF by 8.8% during the 4th quarter. Accel Wealth Management now owns 9,867 shares of the company’s stock worth $519,000 after buying an additional 800 shares in the last quarter. Glassman Wealth Services acquired a new stake in shares of VanEck Robotics ETF in the third quarter valued at about $79,000. Avestar Capital LLC acquired a new stake in shares of VanEck Robotics ETF in the third quarter valued at about $1,983,000. Finally, Jane Street Group LLC acquired a new stake in shares of VanEck Robotics ETF in the first quarter valued at about $256,000.
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.
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