WaveDancer announced that it will be included in the Russell Microcap® Index, effective after the U.S. market opens on June 27, 2022, as part of the 2022 Russell indexes reconstitution.
Membership in the Russell Microcap® Index, which remains in place for one year, includes 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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Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.
WaveDancer CEO Jamie Benoit commented, “We expect our inclusion in the Russell Microcap Index to improve the visibility of our company among investors as we continue to advance our strategy of becoming a leader in blockchain-based secure supply chain management, asset tracking and security.”