VanEck Robotics ETF (NASDAQ:IBOT) Short Interest Up 192.6% in July

VanEck Robotics ETF (NASDAQ:IBOT) was the target of a large growth in short interest in July. As of July 15th, there was short interest totalling 7,900 shares, a growth of 192.6% from the June 30th total of 2,700 shares. Based on an average daily trading volume, of 2,900 shares, the short-interest ratio is presently 2.7 days.

VanEck Robotics ETF Price Performance

Shares of VanEck Robotics ETF stock traded up $0.74 during trading on Friday, reaching $43.74. 1,374 shares of the stock traded hands, compared to its average volume of 2,888. VanEck Robotics ETF has a 52-week low of $32.49 and a 52-week high of $47.21. The business has a fifty day simple moving average of $44.84 and a two-hundred day simple moving average of $43.01. The company has a market capitalization of $13.12 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. Norwood Financial Corp lifted its position in VanEck Robotics ETF (NASDAQ:IBOT) by 127.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,825 shares of the company’s stock after purchasing an additional 3,260 shares during the quarter. Norwood Financial Corp owned about 2.65% of VanEck Robotics ETF worth $256,000 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.