Shares of the iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA: IRBO) rose 1.7% on Thursday, reaching an intraday high of $54.79 before closing near $54.44. Trading volume surged to approximately 680,944 shares, marking a 423% increase compared to the average daily volume of 130,270 shares.
This significant rise in both price and trading activity highlights increased investor interest in the ETF, which focuses on companies involved in robotics and artificial intelligence sectors.
**Why this matters**
The sharp increase in trading volume and share price suggests growing market attention toward technology-driven industries. As robotics and AI continue to expand across various sectors, ETFs like IRBO provide investors with diversified exposure to these emerging technologies.