Granite Point Mortgage Trust Inc. (NYSE: GPMT) was removed from several prominent Russell indices, including the Russell 3000 Index, Russell 2500 Index, and Russell 2000 Index. The company was also dropped from their respective Value and Completeness indices, such as the Russell 3000 Value Index and Russell Small Cap Completeness Index.
These removals from widely followed benchmarks can have implications for institutional investment in GPMT. Funds that track these indices may be required to sell their holdings in the company, potentially affecting trading volume and investor sentiment.
The changes in index inclusion reflect a re-evaluation of the company's market capitalization and other eligibility criteria by FTSE Russell. This event marks a shift in GPMT's standing within the broader market index landscape.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.