Benzinga | Jun 28, 2021 09:36AM EDT

Joann Set To Join Russell 2000 Index

* Joann Inc (NASDAQ:JOAN) will join the Russell 2000 Index after the 2021 Russell indexes annual reconstitution.

* The addition will be effective after the U.S. market opens on June 28.

* "The inclusion of JOANN increases our visibility with investors. It is also a strong validation of the progress we've made as a newly public company and as the nation's largest fabric and crafts retailer," said Wade Miquelon, CEO.

* Russell indexes are part of FTSE Russell, a global index provider which determines membership by objective, market-capitalization rankings, and style attributes.

* Price action: JOAN shares are trading higher by 0.72% at $14.76 premarket on the last check Monday.