VanEck Robotics ETF (NASDAQ:IBOT – Get Free Report) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 7,136 shares, a decline of 82.0% from the May 14th total of 39,617 shares. Based on an average daily trading volume, of 23,779 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.6% of the company’s shares are short sold.
VanEck Robotics ETF Stock Down 2.8%
VanEck Robotics ETF stock traded down $1.83 during midday trading on Wednesday, hitting $62.66. 17,061 shares of the stock were exchanged, compared to its average volume of 19,052. The company has a fifty day simple moving average of $61.93 and a two-hundred day simple moving average of $57.58. VanEck Robotics ETF has a 52 week low of $43.21 and a 52 week high of $67.61. The stock has a market capitalization of $68.93 million, a PE ratio of 27.21 and a beta of 1.38.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Avestar Capital LLC bought a new position in VanEck Robotics ETF during the 3rd quarter worth approximately $1,983,000. Accel Wealth Management lifted its stake in VanEck Robotics ETF by 8.8% in the fourth quarter. Accel Wealth Management now owns 9,867 shares of the company’s stock valued at $519,000 after buying an additional 800 shares in the last quarter. Jane Street Group LLC bought a new position in VanEck Robotics ETF in the first quarter valued at approximately $256,000. Finally, Glassman Wealth Services bought a new position in VanEck Robotics ETF in the third quarter valued at approximately $79,000.
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.
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