Ovid Therapeutics to be Included in Russell Indexes

Ovid Therapeutics (NASDAQ:OVID) announced that it will be added to the Russell 2000, 3000 and Microcap Indexes, effective as of the close of the market on June 23.
As quoted in the press release:

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes. The Russell 2000 Index measures the performance of the small cap segment of the U.S. equity universe. The Russell 2000 Index is a subset of the Russell 3000 Index representing approximately 10 percent of the total market capitalization of that index. The Russell Microcap Index represents 2,000 small cap and microcap stocks and captures the smallest 1,000 companies in the Russell 2000, in addition to 1,000 smaller U.S.-based listed stocks.

Click here to read the full press release.

Source: globenewswire.com