Benzinga | Jun 24, 2021 10:01AM EDT

IZEA Worldwide Set To Join Russell Microcap Index On June 28

IZEA Worldwide, Inc. (NASDAQ:IZEA), the premier provider of influencer marketing technology, data, and services for the world's leading brands, announced today that it is set to join the Russell Microcap Index(r) 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.

Membership in the Russell Microcap(r) Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

"The addition of IZEA to the Russell Microcap is a meaningful milestone for our company and a reflection of the incredible positive momentum we have seen over the past year," commented Ted Murphy, Founder and CEO of IZEA. "We are proud to be included in the index and welcome the enhanced visibility as we continue to execute against our growth strategy."

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 Microcap(r) Index and the Russell indexes reconstitution, go to the "Russell Reconstitution" section on the FTSE Russell website.