Today, First Trust Exchange-Traded Fund VI - First Trust Nasdaq Artificial Intelligence and Robotics ETF Inc's (NASDAQ: ROBT) stock fell $0.38, accounting for a 0.69% decrease. First Exchange-Traded Fund VI - First Nasdaq Artificial Intelligence and Robotics ETF opened at $54.62 before trading between $54.62 and $54.13 throughout Friday's session. The activity saw First Exchange-Traded Fund VI - First Nasdaq Artificial Intelligence and Robotics ETF's market cap fall to $252,727,609 on 13,254 shares -below their 30-day average of 22,112. The Nasdaq Stock Market is a global leader in trading data and services, and equities and options listing. Nasdaq is the world's leading exchange for options volume and is home to the five largest US companies - Apple, Microsoft, Amazon, Alphabet and Facebook.

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.

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.