VanEck Robotics ETF (NASDAQ:IBOT – Get Free Report) was the target of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 15,677 shares, a decline of 58.8% from the February 26th total of 38,009 shares. Based on an average trading volume of 16,701 shares, the days-to-cover ratio is presently 0.9 days. Currently, 2.1% of the company’s stock are sold short.
VanEck Robotics ETF Price Performance
IBOT traded down $1.18 on Friday, reaching $51.89. The company’s stock had a trading volume of 5,375 shares, compared to its average volume of 18,822. VanEck Robotics ETF has a 1 year low of $33.42 and a 1 year high of $61.34. The business’s 50 day moving average is $57.11 and its 200 day moving average is $53.58. The stock has a market cap of $38.92 million, a price-to-earnings ratio of 27.21 and a beta of 1.28.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in IBOT. Avestar Capital LLC acquired a new stake in shares of VanEck Robotics ETF in the 3rd quarter valued at about $1,983,000. Flow Traders U.S. LLC acquired a new stake in VanEck Robotics ETF during the second quarter valued at approximately $607,000. Accel Wealth Management lifted its holdings in 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 during the last quarter. Jane Street Group LLC bought a new stake in shares of VanEck Robotics ETF in the 1st quarter valued at approximately $256,000. Finally, Glassman Wealth Services acquired a new stake in shares of VanEck Robotics ETF during the 3rd quarter valued at approximately $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.
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