Vuzix Joins Russell 2000 Index
Vuzix® Corporation (VUZI), (“Vuzix” or, the “Company”), a leading supplier of Smart Glasses, Augmented Reality (AR) technologies and products for the consumer and enterprise markets, is set to join the broad-market Russell 2000® Index, as well as Russell 3000® Index, at the conclusion of the Russell U.S. Indexes annual reconstitution, effective after the U.S. market opens on June 25, according to a preliminary list of additions posted on the FTSE Russell website originally on June 8 and again on June 15th. The final list is set to be published this Friday, June 22.
Membership in the Russell 2000® Index remains in place for one year. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
“We are delighted to see our shares included in the Russell 2000® Index, one of the market’s leading performance benchmarks,” said Paul Travers, Vuzix Chief Executive Officer. “We view this as an important milestone that will help raise awareness of Vuzix within the institutional investment community. We expect the inclusion in the index, combined with the strong momentum that our business is experiencing, to be positive for our shares. We anticipate many benefits from our inclusion in the index, including increased liquidity and wider exposure to institutional investors.”
Russell U.S. Indexes are widely used by investment managers and institutional investors as the basis for index funds and as benchmarks for active investment strategies. Approximately $9 trillion in assets are benchmarked against Russell U.S. Indexes. Russell U.S. Indexes are part of FTSE Russell, a leading global index provider.
For more information on the Russell indexes and index reconstitution, please go to the Russell Reconstitution section on the FTSE Russell website.
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