Kaspien Holdings Inc, a leading e-commerce marketplace growth platform, was added to the Russell Microcap® Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the U.S. market open on June 28, according to the FTSE Russell website.
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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.
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“Our inclusion into the Russell Microcap® Index represents an important milestone and meaningful achievement in our development as a public company,” said Kaspien CEO Kunal Chopra. “The Russell Indexes are a well-respected and influential benchmarking standard. We appreciate being a part of this select group and expect our inclusion to bring added visibility within the broader investment community as we continue to build our reputation as a leading provider within the online marketplace ecosystem.”
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell’s U.S. indexes. Russell indexes are part of FTSE Russell, a leading global index provider.
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