Esports wagering service brand Esports Technologies, Inc. has been added to the broad-market Russell 3000 Index and the Russell Microcap Index, effective June 28th.
Russell Indexes are part of FTSE Russell. Investment managers and institutional investors widely use them as the basis for index funds and as benchmarks for active investment strategies.
The 33rd Annual Russell Reconstitution captures the 4,000 largest U.S. stocks as of May 7, 2021, ranking them by total market capitalisation. According to a release, FTSE Russell determines membership for its Russell US Indexes primarily by objective, market-capitalisation rankings, and style attributes.