VanEck Robotics ETF (NASDAQ:IBOT) Short Interest Down 95.0% in December

VanEck Robotics ETF (NASDAQ:IBOT) saw a significant drop in short interest in December. As of December 31st, there was short interest totaling 4,472 shares, a drop of 95.0% from the December 15th total of 89,044 shares. Based on an average daily trading volume, of 6,646 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.7% of the shares of the stock are short sold. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 6,646 shares, the days-to-cover ratio is presently 0.7 days.

VanEck Robotics ETF Trading Up 0.4%

NASDAQ IBOT traded up $0.24 on Monday, hitting $56.28. 23,363 shares of the company were exchanged, compared to its average volume of 16,683. VanEck Robotics ETF has a 1-year low of $33.42 and a 1-year high of $56.39. The firm has a 50 day moving average of $52.19 and a two-hundred day moving average of $49.84. The company has a market cap of $34.89 million, a P/E ratio of 27.21 and a beta of 1.28.

VanEck Robotics ETF Dividend Announcement

The business also recently declared an annual dividend, which was paid on Friday, December 26th. Stockholders of record on Monday, December 22nd were paid a dividend of $0.20 per share. This represents a dividend yield of 38.0%. The ex-dividend date of this dividend was Monday, December 22nd.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Avestar Capital LLC acquired a new stake in shares of VanEck Robotics ETF in the 3rd quarter valued at $1,983,000. Flow Traders U.S. LLC acquired a new stake in VanEck Robotics ETF in the second quarter worth about $607,000. Accel Wealth Management bought a new stake in VanEck Robotics ETF during the 3rd quarter worth about $453,000. Jane Street Group LLC acquired a new position in VanEck Robotics ETF during the 1st quarter valued at about $256,000. Finally, Glassman Wealth Services bought a new position in shares of VanEck Robotics ETF in the 3rd quarter valued at about $79,000.

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.