Benzinga | Jun 28, 2021 02:43PM EDT

GrowGeneration Stock Jumps After Joining Russell 2000 Index

* GrowGeneration Corp (NASDAQ:GRWG) has been added to the Russell 2000 Index after the 2021 Russell indexes annual reconstitution.

* The addition became effective after the U.S. market opened on Monday, June 28.

* "We believe our Russell 2000 listing will increase long-term shareholder value by improving awareness, liquidity, and appeal to institutional investors," said CEO Darren Lampert.

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

* Price action: GRWG shares are trading higher by 10.9% at $48.1 on the last check Monday.