VanEck Robotics ETF (NASDAQ:IBOT) Short Interest Up 192.6% in July

VanEck Robotics ETF (NASDAQ:IBOT) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totalling 7,900 shares, a growth of 192.6% from the June 30th total of 2,700 shares. Based on an average trading volume of 2,900 shares, the days-to-cover ratio is presently 2.7 days.

VanEck Robotics ETF Trading Up 1.7 %

NASDAQ:IBOT traded up $0.74 during midday trading on Friday, hitting $43.74. 1,374 shares of the company were exchanged, compared to its average volume of 2,888. The company has a fifty day simple moving average of $44.84 and a 200 day simple moving average of $43.01. VanEck Robotics ETF has a fifty-two week low of $32.49 and a fifty-two week high of $47.21. The company has a market capitalization of $13.12 million, a PE ratio of 30.14 and a beta of 1.34.

Institutional Inflows and Outflows

An institutional investor recently raised its position in VanEck Robotics ETF stock. Norwood Financial Corp raised its holdings in VanEck Robotics ETF (NASDAQ:IBOT) by 127.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,825 shares of the company’s stock after purchasing an additional 3,260 shares during the quarter. Norwood Financial Corp owned about 2.65% of VanEck Robotics ETF worth $256,000 as of its most recent filing with the SEC.

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.