Superior Group of Companies, Inc. was removed from several prominent Russell Growth Indices, including the Russell 3000 Growth Index, Russell 2000 Growth Index, and Russell Microcap Growth Index. The company was also dropped from the Russell 2500 Growth Index, Russell 3000E Growth Index, and Russell Small Cap Comp Growth Index.
These changes in index composition reflect a re-evaluation of the company's growth characteristics by FTSE Russell, the provider of the indices. Inclusion in these indices is often a factor for institutional investors and passive funds that track specific market segments.
The removal from these indices may lead to adjustments in portfolio allocations by index-tracking funds. This development could potentially affect the company's trading dynamics and investor base in the near term.
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