Interactive Brokers Group, Inc. was dropped from the Russell Midcap Index. This change is part of the annual rebalancing of the Russell family of indices.
Index rebalances can influence institutional investment flows, as many passive funds and ETFs track these specific indices. Being removed from an index may lead to adjustments in portfolio holdings by such funds.
The company's removal from the Russell Midcap Index reflects changes in its market capitalization or other eligibility criteria used by Russell for its index composition.
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