Domo Arigato, Mr. Roboto: The First Trust Nasdaq Artificial Intelligence And Robotics ETF (NASDAQ:ROBT) Launches

The First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ: ROBT) debuted Thursday, becoming the third U.S.-listed exchange traded fund focusing on artificial intelligence and robotics. The newest ETF from Illinois-based First Trust follows the Nasdaq CTA Artificial Intelligence and Robotics Index, which began trading in mid-December and has 88 components. ROBT's index "is designed to track the performance of companies engaged in the artificial intelligence and robotics segment of the technology, industrial, medical and other economic sectors. The Index includes companies in artificial intelligence or robotics that are classified as either enablers, engagers or enhancers," according to Nasdaq. ROBT's components must have a minimum market value of $250 million and a minimum three-month average daily dollar trading volume of at least $3 million.