VanEck Robotics ETF (NASDAQ:IBOT) Sees Large Decrease in Short Interest

VanEck Robotics ETF (NASDAQ:IBOT) was the recipient of a large decline in short interest in March. As of March 31st, there was short interest totalling 1,400 shares, a decline of 87.5% from the March 15th total of 11,200 shares. Based on an average daily volume of 6,600 shares, the short-interest ratio is currently 0.2 days. Currently, 0.5% of the company’s stock are sold short.

Institutional Investors Weigh In On VanEck Robotics ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of IBOT. Compagnie Lombard Odier SCmA grew its position in VanEck Robotics ETF by 200.0% during the first quarter. Compagnie Lombard Odier SCmA now owns 3,000 shares of the company’s stock valued at $118,000 after acquiring an additional 2,000 shares during the last quarter. LPL Financial LLC increased its holdings in VanEck Robotics ETF by 33.5% during the 4th quarter. LPL Financial LLC now owns 11,465 shares of the company’s stock valued at $471,000 after purchasing an additional 2,875 shares during the period. Finally, Jane Street Group LLC lifted its stake in VanEck Robotics ETF by 100.4% in the third quarter. Jane Street Group LLC now owns 28,660 shares of the company’s stock worth $1,285,000 after acquiring an additional 7,342,134 shares during the period.

VanEck Robotics ETF Price Performance

Shares of NASDAQ IBOT traded down $0.83 during midday trading on Wednesday, reaching $36.80. The company’s stock had a trading volume of 1,483 shares, compared to its average volume of 5,895. The stock has a market capitalization of $11.78 million, a P/E ratio of 25.11 and a beta of 1.29. The firm has a 50 day moving average price of $40.81 and a 200-day moving average price of $42.32. VanEck Robotics ETF has a 12-month low of $33.42 and a 12-month high of $47.21.

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.