iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO) Trading 3.6% Higher – Here’s What Happened

iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO) shares shot up 3.6% on Thursday . The stock traded as high as $61.3330 and last traded at $61.28. 834,368 shares were traded during mid-day trading, an increase of 540% from the average session volume of 130,270 shares. The stock had previously closed at $59.17.

iShares Robotics and Artificial Intelligence Multisector ETF Stock Up 3.6%

The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 32.81 and a beta of 1.13. The stock’s 50-day simple moving average is $50.75 and its 200 day simple moving average is $49.69.

iShares Robotics and Artificial Intelligence Multisector ETF Company Profile

The iShares Robotics and Artificial Intelligence Multisector ETF (IRBO) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an equal-weighted index of global equities involved in robotics and artificial intelligence. IRBO was launched on Jun 26, 2018 and is managed by BlackRock.