Benzinga | Jun 16, 2021 07:04AM EDT

ARKO Corp. Set to Join Russell 2000 Index

ARKO Corp. (NASDAQ:ARKO) ("ARKO" or the "Company"), a growing leader in the U.S. convenience store industry, is set to join the broad-market Russell 2000 Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the US market opens on June 28, according to a preliminary list of additions posted June 4.

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.

"It is a great achievement for us to be joining the Russell 2000 Index," said Arie Kotler, Chairman, President and Chief Executive Officer of ARKO. "We are committed to aggressive growth through the acquisition of strong regional community brands and this recognition is a testament to our success. We look forward to continuing on this path and delivering long-term value for all of our stakeholders."

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.