SRAX Set to Join Russell Microcap® Index
SRAX, Inc. (NASDAQ: SRAX) will join the Russell Microcap® Index effective June 28, following the annual reconstitution. This inclusion, determined by market capitalization and style attributes, signifies validation of SRAX's growth and may attract more institutional investors.
The Russell Microcap® Index is crucial for investment managers, with approximately $10.6 trillion benchmarked against Russell’s indexes.
- Inclusion in the Russell Microcap® Index may enhance visibility and attract institutional investors.
- The addition is viewed as a validation of SRAX's growth trajectory.
- None.
SRAX, Inc. (NASDAQ: SRAX) is set to join the Russell Microcap® Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the US market opens on June 28, according to a preliminary list of additions posted June 4.
Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
“We’re excited to be added to the Russel Microcap Index, a continued validation of the growth we are experiencing. The addition to the index will continue to drive our institutional investor base,” said Christopher Miglino, CEO and Founder of SRAX.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately
For more information on the Russell Microcap® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.
About SRAX:
SRAX (NASDAQ: SRAX) is a financial technology company that unlocks data and insights for publicly traded companies. Through its premier investor intelligence and communications platform, Sequire, companies can track their investors’ behaviors and trends and use those insights to engage current and potential investors across marketing channels. For more information on SRAX, visit srax.com and mysequire.com.
About FTSE Russell:
FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering
FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately
A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.
FTSE Russell is wholly owned by London Stock Exchange Group.
For more information, visit www.ftserussell.com.
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FAQ
When will SRAX be added to the Russell Microcap Index?
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