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

VanEck Robotics ETF (NASDAQ:IBOT) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 2,700 shares, a growth of 8.0% from the August 31st total of 2,500 shares. Based on an average daily trading volume, of 3,300 shares, the short-interest ratio is presently 0.8 days.

Hedge Funds Weigh In On VanEck Robotics ETF

An institutional investor recently raised its position in VanEck Robotics ETF stock. Norwood Financial Corp lifted its position in shares of VanEck Robotics ETF (NASDAQ:IBOT) by 127.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,825 shares of the company’s stock after purchasing an additional 3,260 shares during the period. Norwood Financial Corp owned about 2.65% of VanEck Robotics ETF worth $256,000 at the end of the most recent reporting period.

VanEck Robotics ETF Stock Down 1.3 %

Shares of IBOT stock opened at $44.87 on Monday. VanEck Robotics ETF has a 52 week low of $32.49 and a 52 week high of $47.21. The stock has a market capitalization of $13.46 million, a PE ratio of 30.14 and a beta of 1.34. The firm has a 50 day moving average of $43.09 and a two-hundred day moving average of $43.61.

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.