Short Interest in VanEck Robotics ETF (NASDAQ:IBOT) Decreases By 9.8%

VanEck Robotics ETF (NASDAQ:IBOT) saw a large decrease in short interest in October. As of October 31st, there was short interest totalling 7,400 shares, a decrease of 9.8% from the October 15th total of 8,200 shares. Based on an average trading volume of 6,000 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in VanEck Robotics ETF stock. Assetmark Inc. grew its holdings in VanEck Robotics ETF (NASDAQ:IBOT) by 3.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,284 shares of the company’s stock after acquiring an additional 2,294 shares during the period. Assetmark Inc. owned about 22.08% of VanEck Robotics ETF worth $3,464,000 as of its most recent filing with the Securities & Exchange Commission.

VanEck Robotics ETF Trading Up 0.2 %

NASDAQ IBOT traded up $0.09 on Monday, reaching $42.61. 4,213 shares of the stock were exchanged, compared to its average volume of 4,167. The firm has a market capitalization of $14.91 million, a PE ratio of 30.14 and a beta of 1.34. VanEck Robotics ETF has a one year low of $36.35 and a one year high of $47.21. The company’s 50-day simple moving average is $43.57 and its two-hundred day simple moving average is $43.83.

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.