This new quant ETF uses AI to analyse stock opportunities for gains

Simplify Asset Management on Tuesday introduced a new exchange-traded fund (ETF) that leverages machine learning to identify long and short investment opportunities by analysing hundreds of fundamental factors.

The Simplify Wolfe US Equity 150/50 ETF (WUSA) takes a long position in about 250 stocks and a short position in about 150 stocks. These strategies represent two key methods in the stock market.