VirTra Set to Join Russell 3000® Index
VirTra (Nasdaq: VTSI) announced its inclusion in the Russell 3000® Index, effective July 1, 2024. This inclusion is part of the Russell indexes annual reconstitution that ranks the 4,000 largest US stocks by market capitalization. Membership in the Russell 3000® Index also ensures automatic inclusion in either the Russell 1000® or Russell 2000® Index, among others. CEO John Givens stated that this move validates VirTra's strategic progress and boosts its visibility in the investment community. Russell indexes serve as benchmarks for approximately $10.5 trillion in assets.
- Inclusion in the Russell 3000® Index increases VirTra's visibility among investors.
- Automatic inclusion in related indexes like Russell 1000® or Russell 2000® for additional exposure.
- Validation of VirTra's strategic progress and market position.
- Potential to attract more institutional investors and index funds.
- Benchmark for about $10.5 trillion in assets, enhancing credibility.
- Membership in the index lasts only one year, subject to annual reconstitution.
- No immediate financial gain reported from the inclusion.
Insights
The inclusion of VirTra in the Russell 3000® Index is a significant milestone for the company, as it directly impacts its visibility and attractiveness to institutional investors. The Russell 3000® Index represents the 4,000 largest U.S. stocks by market capitalization and being part of this index means automatic inclusion in either the large-cap Russell 1000® Index or the small-cap Russell 2000® Index. This typically results in increased liquidity and can potentially lead to a broader investor base.
From a financial perspective, this inclusion could lead to increased demand for VirTra's shares as index funds and ETFs that track this benchmark will need to buy its stock. This can positively affect the stock price in the short term. Furthermore, the company's operational enhancements and innovations, as highlighted by the CEO, align well with this inclusion, enhancing its attractiveness.
However, it's important to note that while these developments are positive, they don't necessarily translate into immediate financial gain. The long-term value will depend on VirTra's continued performance and ability to capitalize on the increased exposure.
For retail investors, this news should be viewed as a potential catalyst for increased market activity and a vote of confidence in VirTra's market position.
The addition of VirTra to the Russell 3000® Index underscores the company's standing in the broader market. This index is a comprehensive representation of the U.S. stock market and is widely used by investment managers as a benchmark. Inclusion means VirTra has met the market capitalization and liquidity requirements, suggesting a certain level of stability and reliability.
This inclusion can enhance VirTra's brand recognition and credibility, attracting more attention from both institutional and retail investors. The Russell indexes are used as benchmarks for approximately $10.5 trillion in assets, providing a substantial potential investor base.
For stakeholders, this could mean a more stable share price and potentially better valuation metrics as more investors become aware of and invest in the company. Additionally, being part of respected indexes like the Russell 3000® can help in the company's efforts to market itself as a leader in its industry.
However, joining the index does not guarantee automatic success. The company must continue to deliver on its strategic goals and show consistent financial performance to maintain investor interest.
CHANDLER, Ariz., June 04, 2024 (GLOBE NEWSWIRE) -- VirTra, Inc. (Nasdaq: VTSI) (“VirTra” or the “Company”), a global provider of judgmental use of force training simulators, firearms training simulators for the law enforcement and military markets, is set to join the broad-market Russell 3000® Index at the conclusion of the 2024 Russell indexes annual reconstitution, effective after the US market opens on July 1, according to a preliminary list of additions posted last month.
Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of April 30, ranking them by total market capitalization. Membership in the US all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings, and style attributes.
“VirTra’s inclusion in the Russell 3000® validates our strategic progress and highlights our forward trajectory as a leader in effective training solutions for law enforcement and military applications,” said CEO John Givens. “Over the past year, we’ve significantly enhanced our operational capabilities and continued to innovate to meet the growing demand in these markets. We expect our inclusion in this respected index to bring increased exposure to the broader investment community as we work to deliver long-term value to our shareholders.”
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Russell’s US indexes serve as the benchmark for about
For more information on the Russell 3000® Index and the Russell indexes reconstitution, please visit the “Russell Reconstitution” section on the FTSE Russell website.
About VirTra Inc.
VirTra (Nasdaq: VTSI) is a global provider of judgmental use of force training simulators, firearms training simulators for the law enforcement, military, educational and commercial markets. The company’s patented technologies, software, and scenarios provide intense training for de-escalation, judgmental use-of-force, marksmanship, and related training that mimics real-world situations. VirTra’s mission is to save and improve lives worldwide through practical and highly effective virtual reality and simulator technology. Learn more about the company at www.VirTra.com.
About FTSE Russell
FTSE Russell is a leading global provider of benchmarking, analytics, and data solutions for investors, giving them a precise view of the market relevant to their investment process. A comprehensive range of reliable and accurate indexes provides investors worldwide with the tools they require to measure and benchmark markets across asset classes, styles, or strategies.
FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products, and index-based derivatives.
FTSE Russell is focused on applying the highest industry standards in index design and governance, employing transparent rules-based methodology informed by independent committees of leading market participants. FTSE Russell fully embraces the IOSCO Principles, and its Statement of Compliance has received independent assurance. Index innovation is driven by client needs and customer partnerships, allowing FTSE Russell to continually enhance the breadth, depth and reach of its offering.
FTSE Russell is wholly owned by London Stock Exchange Group.
For more information, visit https://www.lseg.com/en/ftse-russell.
Forward-Looking Statements
The information in this discussion contains forward-looking statements and information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the “safe harbor” created by those sections. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “project,” “will,” “should,” “could,” “predict,” “potential,” “continue,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements that we make. The forward-looking statements are applicable only as of the date on which they are made, and we do not assume any obligation to update any forward-looking statements. All forward-looking statements in this document are made based on our current expectations, forecasts, estimates and assumptions, and involve risks, uncertainties and other factors that could cause results or events to differ materially from those expressed in the forward-looking statements. In evaluating these statements, you should specifically consider various factors, uncertainties and risks that could affect our future results or operations. These factors, uncertainties and risks may cause our actual results to differ materially from any forward-looking statement set forth in the reports we file with or furnish to the Securities and Exchange Commission (the “SEC”). You should carefully consider these risks and uncertainties described and other information contained in the reports we file with or furnish to the SEC before making any investment decision with respect to our securities. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by this cautionary statement.
Investor Contact:
Matt Glover and Alec Wilson
Gateway Group, Inc.
949-574-3860
VTSI@gateway-grp.com
FAQ
What is the effective date of VirTra's inclusion in the Russell 3000® Index?
How are stocks selected for the Russell 3000® Index?
What is the significance of VirTra joining the Russell 3000® Index?
Will VirTra be included in other indexes as well?
What are the potential benefits for VirTra from this inclusion?
