Benzinga | Jun 14, 2021 10:41AM EDT

Aterian Announces Addition To Russell 2000 Index On June 28

Aterian, Inc. (NASDAQ:ATER) ("Aterian" or the "Company") announced today that it is set to join the small-cap Russell 2000 Index and broad-market Russell 3000 Index, at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the US market opens on June 28.



"We are very pleased that Aterian is set to join the Russell 2000 Index," said Yaniv Sarig, Co-Founder and CEO of Aterian. "Inclusion in this index is a reflection of the progress we have made since going public in 2019 and marks another step forward in continuing to expand our reach more broadly within the investment community."

Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of May 7, ranking them by total market capitalization. Membership in the US all-cap Russell 3000 Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000 Index or small-cap Russell 2000 Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell's US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

For more information on the Russell 2000 Index and the Russell indexes reconstitution, go to the "Russell Reconstitution" section on the FTSE Russell website.