Benzinga | Jun 28, 2021 09:08AM EDT

Data I/O Added To Russell Microcap Index On June 29

Data I/O Corporation (NASDAQ:DAIO), the leading global provider of advanced security and data deployment solutions for microcontrollers, security ICs and memory devices, today announced that it was added as a member of the Russell Microcap(r) Index, effective after the US market opens on June 29, 2021 as part of the 2021 Russell indexes reconstitution.

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.

"It is an honor to once again be added to the Russell Microcap Index given the significant growth in indexed assets under management and the increase in the minimum market capitalization for index inclusion," said Anthony Ambrose, President and CEO of Data I/O Corporation. "This important milestone reflects the dedicated excellence of our global team to emerge from the COVID-19 pandemic stronger and more resilient than before. We look forward to sharing our ongoing progress with the broader investment community that this listing affords and enhancing our recognition as the leading global provider of data programming and advanced security deployment solutions."

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $9 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.