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

VanEck Robotics ETF (NASDAQ:IBOT) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 6,031 shares, a decline of 71.2% from the July 15th total of 20,941 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 15,613 shares, the short-interest ratio is currently 0.4 days.

VanEck Robotics ETF Stock Up 0.0%

Shares of IBOT traded up $0.01 on Friday, hitting $68.98. 11,740 shares of the stock traded hands, compared to its average volume of 18,911. The firm has a market capitalization of $103.47 million, a P/E ratio of 27.21 and a beta of 1.37. The stock’s 50 day moving average is $65.74 and its two-hundred day moving average is $61.71. VanEck Robotics ETF has a 1 year low of $46.22 and a 1 year high of $69.40.

Institutional Investors Weigh In On VanEck Robotics ETF

Hedge funds have recently made changes to their positions in the business. Accel Wealth Management increased its stake in VanEck Robotics ETF by 30.4% in the second quarter. Accel Wealth Management now owns 14,667 shares of the company’s stock valued at $1,009,000 after purchasing an additional 3,420 shares during the last quarter. First Heartland Consultants Inc. purchased a new stake in VanEck Robotics ETF in the 2nd quarter valued at about $420,000. Finally, Jane Street Group LLC purchased a new stake in VanEck Robotics ETF in the 1st quarter valued at about $256,000.

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.