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

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

VanEck Robotics ETF Stock Up 0.2 %

NASDAQ:IBOT traded up $0.09 on Monday, hitting $42.61. The stock had a trading volume of 4,213 shares, compared to its average volume of 4,167. The company has a fifty day moving average price of $43.57 and a two-hundred day moving average price of $43.83. VanEck Robotics ETF has a 1-year low of $36.35 and a 1-year high of $47.21. The stock has a market cap of $14.91 million, a price-to-earnings ratio of 30.14 and a beta of 1.34.

Institutional Investors Weigh In On VanEck Robotics ETF

A hedge fund recently raised its stake in VanEck Robotics ETF stock. Jane Street Group LLC increased its holdings in shares of VanEck Robotics ETF (NASDAQ:IBOT) by 100.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,660 shares of the company’s stock after purchasing an additional 7,342,134 shares during the quarter. Jane Street Group LLC owned 8.19% of VanEck Robotics ETF worth $1,285,000 at the end of the most recent reporting period.

About VanEck Robotics ETF

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.