Short Interest in VanEck Robotics ETF (NASDAQ:IBOT) Increases By 691.7%

VanEck Robotics ETF (NASDAQ:IBOT) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 19,000 shares, a growth of 691.7% from the February 13th total of 2,400 shares. Approximately 6.8% of the company’s shares are short sold. Based on an average trading volume of 8,200 shares, the short-interest ratio is presently 2.3 days.

Institutional Trading of VanEck Robotics ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Assetmark Inc. boosted its holdings in VanEck Robotics ETF by 3.1% in the 3rd quarter. Assetmark Inc. now owns 77,284 shares of the company’s stock worth $3,464,000 after buying an additional 2,294 shares during the last quarter. Jane Street Group LLC raised its stake in shares of VanEck Robotics ETF by 100.4% in the 3rd quarter. Jane Street Group LLC now owns 28,660 shares of the company’s stock valued at $1,285,000 after acquiring an additional 7,342,134 shares during the period. Finally, LPL Financial LLC grew its stake in shares of VanEck Robotics ETF by 33.5% in the fourth quarter. LPL Financial LLC now owns 11,465 shares of the company’s stock valued at $471,000 after buying an additional 2,875 shares in the last quarter.

VanEck Robotics ETF Stock Up 0.8 %

Shares of NASDAQ IBOT traded up $0.33 during midday trading on Wednesday, reaching $41.17. 1,434 shares of the company’s stock traded hands, compared to its average volume of 5,730. VanEck Robotics ETF has a one year low of $39.46 and a one year high of $47.21. The stock’s 50 day simple moving average is $42.59 and its 200-day simple moving average is $43.09. The company has a market cap of $11.53 million, a price-to-earnings ratio of 27.97 and a beta of 1.34.

VanEck Robotics ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, December 24th. Stockholders of record on Monday, December 23rd were issued a $1.1549 dividend. The ex-dividend date was Monday, December 23rd.

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.