First Trust Dow Jones Select MicroCap Index Fund Price & Performance (FDM)

The First Trust Dow Jones Select Microcap Index Fund (FDM) currently hovers near a key resistance level of $65.79. Technical analysis suggests shorting at this point, with a downside target of $63.23. However, a breakthrough above resistance could signal a buy opportunity with an upside target of $69.88.1

Artificial intelligence ETFs are gaining momentum, with top performers like Global X E-commerce ETF (EBIZ) up 21.11% this year. These funds offer exposure to companies like NVIDIA and Microsoft. Investors are advised to diversify portfolios and consider long-term strategies when investing in these high-growth thematic ETFs.2

AI ETFs are projected to benefit from AI's economic impact, estimated to add $15.7 trillion globally by 2030. Funds like ARK Autonomous Technology & Robotics ETF (ARKQ) and Defiance Quantum ETF (QTUM) have posted strong returns. Diversification remains key for balancing risks associated with this emerging trend.2