Announced that as part of the annual reconstitution of the Russell stock indexes, the Company will be added to the Russell 2000®, Russell 3000®, and Russell Micro-Cap® Index which will be effective on July 1, 2024.
“Inclusion into the Russell 2000® Index, one of the most widely used benchmarks for small-cap stocks, is a positive development for Geospace Technologies,” said Walter “Rick” Wheeler, President and CEO of Geospace Technologies. “Companies added to the Russell 2000® typically broaden their visibility among investment community professionals, expand their shareholder base and generate increased liquidity in their stock.”
Membership in the Russell 2000® Index means automatic inclusion in the small-cap Russell 2000® Index as well as in the appropriate growth and value style indexes. The Russell 2000® Index encompasses the 2,000 largest U.S.-traded stocks by objective, market-capitalization rankings, and style attributes. Membership in these indexes is updated annually and remains in place for one year.
The Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately US$10.5 trillion in assets are benchmarked against Russell’s U.S. indexes. Russell indexes are part of FTSE Russell, a leading global index provider.
For more information on the Russell 2000® Index and the Russell U.S. Indexes Reconstitution, visit the “Russell Reconstitution” section on the FTSE Russell website.
