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ETFs with high Palo Alto exposure in the spotlight as stock drops despite 'strong' Q3
Seeking Alpha News (Wed, 3-Jun 10:57 AM ET)
The Pictet AI & Automation ETF (the "Fund") seeks long-term capital appreciation. The Fund is an actively managed that seeks to achieve its investment objective by investing in global equity securities of artificial intelligence ("AI") and automation companies. The adviser focuses on companies that have a distinct link to artificial intelligence and/or automation as measured by the proportion of the company that contributes to and benefits from the value chain in artificial intelligence, robotics, cybersecurity, semiconductors, and software. The Fund is expected to have significant exposure to securities of issuers in the information technology, industrials, communication services, and consumer discretionary sectors. Further, the Fund will, in the aggregate, invest more than 25% of its assets in securities of companies in the industries comprising the information technology sector. The securities the Fund invests in include common and preferred stocks, securities convertible or exchangeable into common stocks, warrants, rights to purchase common stocks, REITs, participation certificates, and depositary receipts (including ADRs, EDRs and GDRs).
Pictet Ai & Automation ETF trades on the ARCA stock market under the symbol PBOT.
As of June 5, 2026, PBOT stock price declined to $31.17 with 424 million shares trading.
PBOT has a market cap of $13.25 million. This is considered a Sub-Micro Cap stock.
PBOT support price is $32.54 and resistance is $33.98 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PBOT shares will trade within this expected range on the day.
