Robotics & Artificial Intelligence ETF (BOTZ) at 52-Week High

For investors looking for momentum, Global X Robotics & Artificial Intelligence ETF BOTZ is probably a suitable pick. The fund just hit a 52-week high and is up 99.4% from its 52-week low price of $18.49/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 to invest in companies that potentially stand to benefit from increased adoption and utilization of robotics and AI, including those involved with industrial robotics and automation, non-industrial robots, and autonomous vehicles. It has AUM of $2.60 billion and charges 68 basis points (bps) 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.