eXp World Holdings, Inc. (NASDAQ: EXPI), the holding company for eXp Realty and eXp World Technologies, today announced that the company’s common stock was added to the Russell 2000 Index after the market closed on Friday, June 28, 2019.
“We are pleased to join the Russell 2000 Index, which represents the next step in the evolution of our company from a visibility perspective,” said Glenn Sanford, CEO, Chairman and Founder of eXp World Holdings. “Inclusion in the Index is a reflection of the strong growth, execution and performance that characterizes eXp World Holdings.”
The Russell 2000 is a capitalization-weighted index that measures the performance of 2,000 small-cap U.S. companies in the Russell 3000 Index, which is made up of 3,000 of the largest, publicly traded U.S. stocks. FTSE Russell, a leading global index provider, determines membership for its equity indices primarily by objective, market-capitalization rankings and style attributes.
Indexes provided by FTSE Russell are widely used by investment professionals for index funds and as benchmarks for investment strategies. Approximately $9 trillion in assets are currently benchmarked to FTSE Russell US Indexes.
For more information on the Russell 2000 Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on theFTSE Russell website.
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