… UPDATE 11/12/13: NASDAQ’s 10-story tall sign was all about Robo-stox LLC, ROBO the ETF, and a Universal Robot with a Schunk hand ringing the NASDAQ closing bell. Quite a spectacle. The arm/hand combo was also used to draw the company logo in a neat video.
… NASDAQ:ROBO is a new ETF (exchange traded fund) launched at a price of $25. First day volume was over 225,000 shares.
… The new ETF uses a specially formulated index which attempts to reflect the global robotics industry. The index is comprised of 77 companies – 38% domestic; 62% international – in the rapidly developing global robotics and automation industry, with operations in over 15 different countries around the world and listings on multiple foreign and domestic exchanges.
… The ROBO-STOX™ Global Robotics and Automation Index, by Robo-stox LLC, is the algorithm licensed to the ETF. Founders of Robo-stox LLC believe that their index empowers investors worldwide to capitalize on the accelerating growth in the robotics and automation sector.
… Frank Tobe, editor and publisher of The Robot Report, is a co-founder of Robo-stox LLC. Read his story here: Robo-Stox: A dream come true.
… Full details of how this new index came to be in IEEE/Spectrum Automaton article.
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