VanEck Robotics ETF (NASDAQ:IBOT) Short Interest Down 9.8% in October

VanEck Robotics ETF (NASDAQ:IBOT) was the target of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 7,400 shares, a drop of 9.8% from the October 15th total of 8,200 shares. Based on an average daily trading volume, of 6,000 shares, the short-interest ratio is currently 1.2 days.

VanEck Robotics ETF Price Performance

Shares of IBOT stock traded up $0.09 on Monday, hitting $42.61. The stock had a trading volume of 4,213 shares, compared to its average volume of 4,167. The company’s 50 day moving average price is $43.57 and its 200-day moving average price is $43.83. VanEck Robotics ETF has a 1 year low of $36.35 and a 1 year high of $47.21. The firm has a market capitalization of $14.91 million, a P/E 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. Jane Street Group LLC boosted its holdings in shares of VanEck Robotics ETF (NASDAQ:IBOT) by 100.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,660 shares of the company’s stock after buying an additional 7,342,134 shares during the quarter. Jane Street Group LLC owned 8.19% of VanEck Robotics ETF worth $1,285,000 as of its most recent SEC filing.

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.