Luna Added to ERNI

Last week was the debut of Luna Innovations in the Edwards Real Nanotech Index (ERNI). The dollar value of Luna stock added was at the average of the current components and the divisor (fudge factor) was adjusted to make the addition neutral to the value of the index.

ERNI was down slightly last week. There was nothing in the news background to move nanotech stocks one way or the other. Earnings season is coming. NVE looks to be the first up, with a conference call scheduled for July 20. Incidentally, NVE seems to be on a tear this week in a down market; its stock price is up about $2.00 from last Friday’s close. I have seen no news from the company to account for the rise.

(Click to enlarge)