Simulations Plus (SLP)

[dickmilde]

Today the Russel indices were rebalanced to reflect the companies that fit the index by measure of their market cap. SLP has grown enough so that it is now part of the Russel 3000 index. This means that any fund or major investor that wants/needs to hold all of the stocks in that index must buy the stocks in the market. Hence the large volume. For example, you can give your money to Vanguard and ask them to invest it the R 3000 index. They need to hold those stocks so that their offering represents the specified index.