Envela Corporation was added as a member of the US small-cap Russell 2000 Index, effective after the US market opens on June 30, 2025. This inclusion is part of the annual 2025 Russell indexes reconstitution.
Membership in the Russell 2000 Index, which measures the performance of the small-cap segment of the U.S. equity market, is determined by objective, market-capitalization rankings. Companies are added based on their total market capitalization and other ranking criteria.
Inclusion in such a widely recognized index can lead to increased institutional investor interest and demand for the company's shares. This is because many index funds and exchange-traded funds (ETFs) track the Russell indexes, requiring them to hold constituent stocks.
Envela's addition to the Russell 2000 Index, along with other Russell sub-indices like the Russell 3000, Russell 2500, and various growth and defensive indices, signifies its growing presence in the broader market. This broad inclusion reflects the company's market capitalization meeting the criteria for these benchmarks.
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