VanEck Robotics ETF (NASDAQ:IBOT) Sees Significant Growth in Short Interest

VanEck Robotics ETF (NASDAQ:IBOTGet Free Report) saw a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 7,200 shares, a growth of 63.6% from the May 15th total of 4,400 shares. Based on an average daily volume of 2,500 shares, the short-interest ratio is presently 2.9 days.

Institutional Investors Weigh In On VanEck Robotics ETF

A hedge fund recently raised its stake in VanEck Robotics ETF stock. Assetmark Inc. raised its holdings in shares of VanEck Robotics ETF (NASDAQ:IBOTFree Report) by 101.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,268 shares of the company’s stock after buying an additional 9,221 shares during the period. Assetmark Inc. owned about 12.18% of VanEck Robotics ETF worth $726,000 at the end of the most recent reporting period.

VanEck Robotics ETF Stock Down 0.8 %

Shares of IBOT traded down $0.36 during mid-day trading on Friday, hitting $44.73. The company had a trading volume of 1,978 shares, compared to its average volume of 2,855. The business’s 50-day simple moving average is $43.19 and its 200-day simple moving average is $41.55. VanEck Robotics ETF has a 1-year low of $32.49 and a 1-year high of $45.73. The stock has a market cap of $11.18 million, a PE ratio of 30.14 and a beta of 1.34.

About VanEck Robotics ETF

(Get Free Report)

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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