VanEck Robotics ETF (NASDAQ:IBOT) Short Interest Down 41.1% in March

VanEck Robotics ETF (NASDAQ:IBOT) was the target of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 11,200 shares, a decline of 41.1% from the February 28th total of 19,000 shares. Approximately 3.0% of the company’s shares are sold short. Based on an average daily volume of 8,100 shares, the short-interest ratio is presently 1.4 days.

VanEck Robotics ETF Price Performance

Shares of NASDAQ:IBOT opened at $39.82 on Monday. The company has a market capitalization of $11.15 million, a price-to-earnings ratio of 27.72 and a beta of 1.34. The firm’s 50 day simple moving average is $42.52 and its 200 day simple moving average is $42.95. VanEck Robotics ETF has a fifty-two week low of $39.46 and a fifty-two week high of $47.21.

Institutional Investors Weigh In On VanEck Robotics ETF

A hedge fund recently raised its stake in VanEck Robotics ETF stock. LPL Financial LLC boosted its stake in shares of VanEck Robotics ETF (NASDAQ:IBOT) by 33.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 11,465 shares of the company’s stock after buying an additional 2,875 shares during the period. LPL Financial LLC owned approximately 4.09% of VanEck Robotics ETF worth $471,000 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.