For buyers searching for momentum, First Belief Nasdaq Synthetic Intelligence and Robotics ETF ROBT
For buyers searching for momentum, First Belief Nasdaq Synthetic Intelligence and Robotics ETF ROBT might be an appropriate decide. The fund simply hit a 52-week excessive and is up 96.8% from its 52-week low worth of $22.51/share.
Let’s check out the fund and its near-term outlook to achieve an perception into the place it could be headed:
ROBT in Focus
This ETF seeks funding outcomes that correspond typically to the value and yield, earlier than the charges and bills of the Nasdaq CTA Synthetic Intelligence and Robotics Index. It has AUM of $137.5 million and fees 65 foundation factors in annual charges.
Why the Transfer?
As a result of coronavirus outbreak, the robotics market is flooded with alternatives as robots are getting used for jobs similar to sanitizing hospitals, houses and workplaces together with monitoring, surveying, dealing with, and delivering meals and medicines. The present situations appear favorable for the robotic markets in authorities functions, similar to well being, safety and protection. Additionally, with the reopening of the U.S. economic system, it’s believed that robots will see elevated utilization in industrial, manufacturing, healthcare, logistics, inspection and upkeep, automotive, electronics, and meals and beverage areas. That is making funds like ROBT a horny funding choice.
Extra Beneficial properties Forward?
It looks like the fund will stay robust, with a optimistic weighted alpha of 40.97, which provides cues of additional rally.
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First Belief NASDAQ Synthetic Intelligence and Robotics ETF (ROBT): ETF Analysis Stories
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.