VanEck Robotics ETF (NASDAQ:IBOT) Short Interest Down 76.9% in June

VanEck Robotics ETF (NASDAQ:IBOT) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totalling 2,700 shares, a decrease of 76.9% from the June 15th total of 11,700 shares. Based on an average daily trading volume, of 2,600 shares, the days-to-cover ratio is currently 1.0 days.

VanEck Robotics ETF Stock Down 0.2 %

Shares of IBOT stock traded down $0.11 during trading hours on Thursday, hitting $46.14. 1,523 shares of the company’s stock were exchanged, compared to its average volume of 2,829. The firm has a market cap of $12.92 million, a P/E ratio of 30.14 and a beta of 1.34. The firm has a 50 day moving average of $44.37 and a two-hundred day moving average of $42.52. VanEck Robotics ETF has a fifty-two week low of $32.49 and a fifty-two week high of $46.55.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in VanEck Robotics ETF stock. Norwood Financial Corp acquired a new stake in VanEck Robotics ETF (NASDAQ:IBOT) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,565 shares of the company’s stock, valued at approximately $102,000. Norwood Financial Corp owned about 2.57% of VanEck Robotics ETF 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.