VanEck Robotics ETF (NASDAQ:IBOT) Short Interest Down 9.8% in October

VanEck Robotics ETF (NASDAQ:IBOT) saw a significant decrease in short interest in the month of 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.

Hedge Funds Weigh In On VanEck Robotics ETF

An institutional investor recently raised its position in VanEck Robotics ETF stock. Jane Street Group LLC grew its stake in VanEck Robotics ETF (NASDAQ:IBOT) by 100.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,660 shares of the company’s stock after acquiring an additional 7,342,134 shares during the quarter. Jane Street Group LLC owned about 8.19% of VanEck Robotics ETF worth $1,285,000 at the end of the most recent quarter.

VanEck Robotics ETF Stock Performance

VanEck Robotics ETF stock traded up $0.09 during midday trading on Monday, hitting $42.61. 4,213 shares of the company’s stock were exchanged, compared to its average volume of 4,167. The company has a market cap of $14.91 million, a PE ratio of 30.14 and a beta of 1.34. The firm has a 50-day moving average of $43.57 and a two-hundred day moving average of $43.83. VanEck Robotics ETF has a 12 month low of $36.35 and a 12 month high of $47.21.

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.