VanEck Robotics ETF (NASDAQ:IBOT – Get Free Report) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 9,465 shares, a decline of 56.9% from the August 15th total of 21,986 shares. Based on an average daily trading volume, of 16,167 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.6% of the company’s shares are short sold.
VanEck Robotics ETF Stock Performance
Shares of IBOT stock traded down $1.72 during trading hours on Monday, hitting $62.08. 24,719 shares of the company were exchanged, compared to its average volume of 18,498. The company has a 50 day simple moving average of $65.41 and a two-hundred day simple moving average of $62.78. The firm has a market cap of $93.12 million, a P/E ratio of 27.21 and a beta of 1.36. VanEck Robotics ETF has a fifty-two week low of $47.92 and a fifty-two week high of $69.42.
Institutional Investors Weigh In On VanEck Robotics ETF
Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Heartland Consultants Inc. acquired a new position in shares of VanEck Robotics ETF during the second quarter valued at about $420,000. Tidal Investments LLC boosted its holdings in VanEck Robotics ETF by 16.0% in the second quarter. Tidal Investments LLC now owns 8,631 shares of the company’s stock worth $594,000 after acquiring an additional 1,191 shares in the last quarter. Finally, Accel Wealth Management boosted its holdings in VanEck Robotics ETF by 30.4% in the second quarter. Accel Wealth Management now owns 14,667 shares of the company’s stock worth $1,009,000 after acquiring an additional 3,420 shares in the last quarter.
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.
Further Reading
- Five stocks we like better than VanEck Robotics ETF
- Analysts Are Punting Their Calls Into the Next Quarter After Adobe’s Mixed Earnings
- Institutional Money Is Pouring Into These 2 Altcoin ETFs
- The End of Big Tech Buybacks? Only One Hyperscaler Is Still Repurchasing Shares
- 3 Dividend Kings to Buy While They’re Still Beaten Down
Receive News & Ratings for VanEck Robotics ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VanEck Robotics ETF and related companies with MarketBeat.com's FREE daily email newsletter.
