Short Interest in VanEck Robotics ETF (NASDAQ:IBOT) Expands By 66.6%

VanEck Robotics ETF (NASDAQ:IBOT) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 7,452 shares, an increase of 66.6% from the December 31st total of 4,472 shares. Based on an average daily trading volume, of 15,795 shares, the days-to-cover ratio is presently 0.5 days. Currently, 1.1% of the shares of the stock are short sold. Currently, 1.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 15,795 shares, the days-to-cover ratio is presently 0.5 days.

VanEck Robotics ETF Stock Performance

Shares of NASDAQ IBOT traded down $1.01 during trading hours on Friday, hitting $57.01. 10,839 shares of the stock were exchanged, compared to its average volume of 16,047. The company’s fifty day simple moving average is $53.99 and its two-hundred day simple moving average is $50.85. The company has a market cap of $41.62 million, a PE ratio of 27.21 and a beta of 1.28. VanEck Robotics ETF has a 1-year low of $33.42 and a 1-year high of $58.16.

VanEck Robotics ETF Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Friday, December 26th. Investors of record on Monday, December 22nd were given a dividend of $0.20 per share. This represents a dividend yield of 38.0%. The ex-dividend date was Monday, December 22nd.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of IBOT. Accel Wealth Management lifted its stake in shares of VanEck Robotics ETF by 8.8% in the 4th quarter. Accel Wealth Management now owns 9,867 shares of the company’s stock valued at $519,000 after acquiring an additional 800 shares during the last quarter. Glassman Wealth Services bought a new position in shares of VanEck Robotics ETF during the third quarter worth about $79,000. Avestar Capital LLC bought a new position in VanEck Robotics ETF during the 3rd quarter worth approximately $1,983,000. Flow Traders U.S. LLC acquired a new position in VanEck Robotics ETF in the second quarter valued at $607,000. Finally, Jane Street Group LLC acquired a new position in shares of VanEck Robotics ETF in the 1st quarter valued at about $256,000.

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.