FAI - First Trust Exchange-Traded Fund II - First Trust Bloomberg Artificial Intelligence ETF
FAI follows an index of global companies that develop or facilitate artificial intelligence solutions. These AI solutions include deep learning, machine learning, natural language processing, and image and speech recognition. From its initial universe consisting of the broad US equity market space, securities are screened to identify those in the AI ecosystem through a revenue and theme assessment using fundamental data.
- Sector
- Financial Services
- Industry
- Asset Management
- Market Cap
- $177.3M
- Beta
- 2.10
- 52-Week Range
- 35.54-59.21
- IPO Date
- Nov 21, 2024
- Exchange
- AMEX
FAI Options Snapshot
Options pricing data for FAI is refreshed daily after the close. When listed contracts exist, this page surfaces the latest at-the-money implied volatility, max pain strike, dealer gamma exposure (GEX), and 25-delta skew. Listed contracts and live snapshots appear once the options chain has been published by the exchange for the most recent session.
What This Page Covers
The FAI overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
FAI fund facts: expense ratio 0.65%, assets under management $252.9M, NAV $58.81 as of the data source's update on Oct 8, 2026, 54 holdings in its latest file, launched Nov 20, 2024, issued by First Trust. See the FAI holdings.
Frequently asked FAI overview questions
- What is FAI?
- FAI is the ticker symbol for First Trust Exchange-Traded Fund II - First Trust Bloomberg Artificial Intelligence ETF, an listed exchange-traded fund. FAI follows an index of global companies that develop or facilitate artificial intelligence solutions. These AI solutions include deep learning, machine learning, natural language processing, and image and speech recognition. Listed on AMEX. FAI is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What are FAI's key statistics?
- First Trust Exchange-Traded Fund II - First Trust Bloomberg Artificial Intelligence ETF (FAI) carries a market capitalization of $177.3M, 52-week range of 35.54-59.21. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does FAI belong to?
- First Trust Exchange-Traded Fund II - First Trust Bloomberg Artificial Intelligence ETF operates in the Financial Services sector, in the Asset Management industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare FAI's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the FAI data on this page?
- Options snapshots refresh after each trading session; if no snapshot is currently posted for FAI, it usually reflects low options liquidity or a recently listed name. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.