VanEck Robotics ETF (NASDAQ:IBOT – Get Free Report) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 32,476 shares, a decrease of 39.1% from the September 30th total of 53,328 shares. Based on an average trading volume of 9,808 shares, the days-to-cover ratio is currently 3.3 days. Approximately 2.0% of the company’s stock are sold short.
VanEck Robotics ETF Stock Performance
NASDAQ:IBOT traded up $0.15 during mid-day trading on Monday, reaching $62.17. The stock had a trading volume of 11,115 shares, compared to its average volume of 17,463. The firm has a market capitalization of $99.47 million, a price-to-earnings ratio of 27.21 and a beta of 1.37. VanEck Robotics ETF has a twelve month low of $47.92 and a twelve month high of $69.42. The business has a 50 day simple moving average of $64.24 and a 200 day simple moving average of $62.25.
Institutional Investors Weigh In On VanEck Robotics ETF
A number of institutional investors have recently modified their holdings of the stock. TD Waterhouse Canada Inc. boosted its stake in VanEck Robotics ETF by 41.4% during the third quarter. TD Waterhouse Canada Inc. now owns 837 shares of the company’s stock worth $55,000 after buying an additional 245 shares in the last quarter. Commonwealth Equity Services LLC bought a new position in shares of VanEck Robotics ETF during the third quarter worth approximately $267,000. Strategic Family Wealth Counselors L.L.C. boosted its position in shares of VanEck Robotics ETF by 6.4% in the third quarter. Strategic Family Wealth Counselors L.L.C. now owns 4,445 shares of the company’s stock valued at $287,000 after acquiring an additional 266 shares during the period. First Heartland Consultants Inc. acquired a new position in shares of VanEck Robotics ETF during the 2nd quarter worth approximately $420,000. Finally, Investment Insight Wealth Management LLC increased its stake in VanEck Robotics ETF by 22.2% during the 3rd quarter. Investment Insight Wealth Management LLC now owns 8,180 shares of the company’s stock worth $528,000 after acquiring an additional 1,486 shares during the period.
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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