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

VanEck Robotics ETF (NASDAQ:IBOT) was the recipient of a significant increase in short interest in 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. Based on an average daily trading volume, of 26,423 shares, the days-to-cover ratio is currently 0.9 days. Currently, 2.2% of the company’s shares are sold short.

Hedge Funds Weigh In On VanEck Robotics ETF

A hedge fund recently raised its position in VanEck Robotics ETF stock. Accel Wealth Management grew its holdings in shares of VanEck Robotics ETF (NASDAQ:IBOT) by 8.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,867 shares of the company’s stock after purchasing an additional 800 shares during the quarter. Accel Wealth Management owned approximately 1.41% of VanEck Robotics ETF worth $519,000 at the end of the most recent quarter.

VanEck Robotics ETF Stock Performance

NASDAQ:IBOT opened at $65.86 on Friday. VanEck Robotics ETF has a one year low of $45.55 and a one year high of $69.40. The firm has a 50-day simple moving average of $64.70 and a 200-day simple moving average of $58.95. The firm has a market cap of $72.45 million, a P/E ratio of 27.21 and a beta of 1.38.

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.