Artificial Intelligence and Robotics ETF (ROBT) at a 52-Week High

#artificialintelligence 

For investors looking for momentum, First Trust Nasdaq Artificial Intelligence and Robotics ETF ROBT is probably a suitable pick. The fund just hit a 52-week high and is up 96.8% from its 52-week low price of $22.51/share. Let's take a look at the fund and its near-term outlook to gain an insight into where it might be headed: This ETF seeks investment results that correspond generally to the price and yield, before the fees and expenses of the Nasdaq CTA Artificial Intelligence and Robotics Index. It has AUM of $137.5 million and charges 65 basis points in annual fees. Due to the coronavirus outbreak, the robotics market is flooded with opportunities as robots are being used for jobs such as sanitizing hospitals, homes and workplaces along with monitoring, surveying, handling, and delivering food and medicines.

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