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

VanEck Robotics ETF (NASDAQ:IBOT) was the recipient of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 7,100 shares, an increase of 7.6% from the November 15th total of 6,600 shares. Based on an average daily trading volume, of 7,100 shares, the days-to-cover ratio is currently 1.0 days.

VanEck Robotics ETF Stock Performance

Shares of IBOT opened at $43.58 on Tuesday. VanEck Robotics ETF has a one year low of $37.62 and a one year high of $47.21. The stock has a market cap of $15.25 million, a P/E ratio of 30.14 and a beta of 1.34. The stock has a 50-day moving average of $43.59 and a two-hundred day moving average of $43.83.

Hedge Funds Weigh In On VanEck Robotics ETF

A hedge fund recently raised its stake in VanEck Robotics ETF stock. Jane Street Group LLC lifted its holdings in VanEck Robotics ETF (NASDAQ:IBOT) by 100.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,660 shares of the company’s stock after acquiring 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.

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.