Fluent, Inc. Announces Inclusion in Russell Microcap® Index

Rhea-AI Summary

Fluent (NASDAQ: FLNT) announced its inclusion in the Russell Microcap® Index, effective July 1, 2024. The Russell Indexes, which consist of the 4,000 largest US stocks ranked by total market capitalization, are reconstituted annually. Membership in the Russell Microcap® Index results in inclusion in the appropriate growth and value style indexes, enhancing visibility among institutions and investment funds. This strategic inclusion is expected to increase exposure and benchmark status for Fluent.

Positive

• Inclusion in the Russell Microcap® Index enhances Fluent's visibility among institutional investors and funds.
• Automatic inclusion in relevant growth and value style indexes, providing broader exposure.

Negative

• None.

NEW YORK, June 28, 2024 (GLOBE NEWSWIRE) -- Fluent, Inc. (NASDAQ: FLNT), a leader in partner monetization solutions and customer acquisition, today announced the Company’s inclusion in the Russell Microcap^® Index effective at the open of US markets on Monday, July 1, 2024, according to a list of additions as of Friday, June 21, 2024.

The Russell Indexes capture the 4,000 largest US stocks, ranking them by total market capitalization, and are reconstituted annually. This year, the reconstitution rank date was April 30, 2024. FTSE Russell determines membership for its Russell Indexes primarily by objective, market-capitalization ranking, and style attributes. Membership in the Russell Microcap^® Index, which is effective for one year, results in automatic inclusion in the appropriate growth and value style indexes.

Don Patrick, Fluent’s Chief Executive Officer, commented, “We are pleased to have been selected for inclusion in the Russell Microcap^® Index. Membership in this index enhances our visibility to the many institutions and funds that look to the Russell Indexes as a benchmark for the broader markets, and we look forward to the increased exposure.”

The Russell Indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. For more information on the Russell Microcap^® Index and the Russell US Indexes Reconstitution, visit the "Russell Reconstitution" section on the FTSE Russell website.

About Fluent, Inc.
Fluent, Inc. (NASDAQ: FLNT) has been a leader in performance marketing since 2010, offering customer acquisition and partner monetization solutions that exceed client expectations. Leveraging untapped channels and diverse ad inventory across partner ecosystems and owned sites, Fluent connects brands with consumers at the most optimal moment, ensuring impactful engagement when it matters most. Constantly innovating and optimizing for performance, Fluent unlocks additional revenue streams for partners and empowers advertisers to acquire their most valuable customers at scale. For more insights, visit https://www.fluentco.com/.

Contact Information: 
Investor Relations
Fluent, Inc.
InvestorRelations@fluentco.com

FAQ

What is the significance of Fluent's inclusion in the Russell Microcap® Index?

Fluent's inclusion in the Russell Microcap® Index enhances its visibility and exposure to institutional investors and funds, which use the Russell Indexes as benchmarks.

When will Fluent be included in the Russell Microcap® Index?

Fluent will be included in the Russell Microcap® Index effective at the open of US markets on July 1, 2024.

How often are the Russell Indexes reconstituted?

The Russell Indexes are reconstituted annually, with the current reconstitution rank date being April 30, 2024.

What criteria determine membership in the Russell Microcap® Index?

Membership in the Russell Microcap® Index is determined primarily by objective, market-capitalization ranking, and style attributes.

How does inclusion in the Russell Microcap® Index affect Fluent's stock symbol FLNT?

Inclusion in the Russell Microcap® Index is expected to enhance the visibility and exposure of FLNT to institutional investors and funds, potentially influencing its trading volume and stock performance.