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.