This is the list of likely additions to the Russell 2000 from that Deutsche Bank report. GALT is less than halfway down the list, that would seem to make it a very safe assumption that it will be included in the reconstitution:
Russell 2000 Additions
We currently anticipate 147 additions to the Russell 2000.
Many of the companies featured in the tables below are highly illiquid. As we approach the Reconstitution, the trading volumes of these companies will increase, thus partially reducing the magnitude of the comparison against the estimated passive index flows.
Figure 6: Predicted Russell 2000 Additions
Ticker Company NameWeight New R3000 Weight Net Buy Value Net Buy Shares Days to Trade
NYRT New York REIT Inc 0.1149% 0.0089% $155,592,854 14,380,116 17.0
HCT American Realty Capital Health 0.1015% 0.0079% $137,371,911 13,806,222 11.9
TROX Tronox Ltd 0.1001% 0.0078% $135,437,549 5,097,386 4.8
ASPS Altisource Portfolio Solutions SA 0.1003% 0.0078% $134,505,025 1,220,443 6.7
DOOR Masonite International Corp 0.0934% 0.0072% $126,269,228 2,397,365 9.6
GSAT Global Star Inc 0.0801% 0.0062% $108,462,217 31,347,461 9.8
ARTC ArthroCare Corp 0.0802% 0.0062% $107,701,076 2,216,072 3.7
PE Parsley Energy Inc-Class A 0.0716% 0.0056% $96,789,837 4,071,933 0.7
LPG DorianLPG Ltd 0.0696% 0.0054% $94,085,513 4,632,472 45.1
TSLX TPG Specialty Lending Inc 0.0681% 0.0053% $92,185,206 4,350,411 52.6
KODK Eastman Kodak Co 0.0525% 0.0041% $71,001,634 2,475,650 11.4
CPS Cooper-Standard Holding Inc 0.0513% 0.0040% $69,442,956 1,085,046 43.1
LQ La Quinta Holdings Inc 0.0475% 0.0037% $63,774,003 3,531,229 6.4
PLUG Plug Power Inc 0.0438% 0.0034% $59,246,871 13,619,970 0.6
NM Navios Maritime Holdings Inc 0.0427% 0.0033% $57,801,551 6,386,912 11.5
ZLC Zale Corp 0.0407% 0.0032% $54,561,385 2,595,689 1.9
ARWR Arrowhead Research Corp 0.0393% 0.0030% $52,939,375 4,208,217 3.0
NMIH NMI Holdings Inc 0.0384% 0.0030% $51,949,083 4,748,545 42.7
BCRX BioCryst Pharmaceuticals Inc 0.0375% 0.0029% $50,534,111 5,073,706 4.0
KFX Kofax Ltd 0.0363% 0.0028% $48,987,777 5,974,119 16.1
NGHC National General Holdings Corp 0.0351% 0.0027% $47,300,303 2,884,165 7.7
INO Inovio Pharmaceuticals Inc 0.0326% 0.0025% $43,739,796 19,439,909 4.3
TNET TriNet Group Inc 0.0272% 0.0021% $36,631,380 1,459,418 4.4
DHT DHT Holdings Inc 0.0266% 0.0021% $35,979,635 4,921,975 13.8
ONVO Organovo Holdings Inc 0.0260% 0.0020% $34,825,962 4,891,287 4.8
NEWM New Media Investment Group Inc 0.0253% 0.0020% $34,194,824 2,447,733 11.7
NNA Navios Maritime Acq Corp 0.0229% 0.0018% $31,017,870 8,688,479 56.0
MPAA Motorcar Parts of America Inc 0.0216% 0.0017% $29,024,466 1,218,491 6.4
COUP Coupons.com Inc 0.0215% 0.0017% $28,799,061 1,115,378 3.0
REI Ring Energy Inc 0.0214% 0.0017% $28,722,347 1,483,592 21.4
CUR Neuralstem Inc 0.0201% 0.0016% $27,020,172 6,283,761 6.7
BALT Baltic Trading Ltd 0.0198% 0.0015% $26,766,123 4,175,682 8.0
PFIS Peoples Financial Services Cor 0.0197% 0.0015% $26,728,181 545,473 50.7
IBCP Independent Bank Corp/MI 0.0182% 0.0014% $24,658,250 1,869,465 28.1
GRUB Grubhub Inc 0.0182% 0.0014% $24,428,961 716,812 1.7
UIHC United Insurance Holdings Corp 0.0176% 0.0014% $23,796,778 1,348,259 4.4
SB Safe Bulkers Inc 0.0176% 0.0014% $23,763,732 2,933,794 8.6
SNMX Senomyx Inc 0.0176% 0.0014% $23,564,139 3,435,006 6.2
PAHC Phibro Animal Health Corp 0.0168% 0.0013% $22,524,584 1,183,636 10.7
SGBK Stonegate Bank 0.0158% 0.0012% $21,339,068 821,049 34.0
HILL Dot Hill Systems Corp 0.0155% 0.0012% $20,791,237 4,846,442 10.9
ATNM Actinium Pharmaceuticals Inc 0.0145% 0.0011% $19,510,469 1,604,479 44.3
NWBO Northwest Biotherapeutics Inc 0.0145% 0.0011% $19,403,078 3,244,662 4.6
ASC Ardmore Shipping Corp 0.0142% 0.0011% $19,283,642 1,386,315 7.7
GALT Galectin Therapeutics Inc 0.0143% 0.0011% $19,159,278 1,481,769 6.5
MC Moelis & Co 0.0142% 0.0011% $19,104,153 607,252 5.8
QUIK QuickLogic Corp 0.0142% 0.0011% $18,978,022 4,454,935 4.2
FNHC Federated National Holding Co 0.0141% 0.0011% $18,963,550 809,025 5.5
PEIX Pacific Ethanol Inc 0.0140% 0.0011% $18,826,273 1,444,841 1.0
STRT Strattec Security Corp 0.0138% 0.0011% $18,534,961 280,833 13.2
VTSS Vitesse Semiconductor Corp 0.0133% 0.0010% $17,835,545 4,743,496 20.3
LEE Lee Enterprises Inc/IA 0.0132% 0.0010% $17,832,240 4,370,647 11.4
HNR Harvest Natural Resources Inc 0.0124% 0.0010% $16,751,371 3,432,658 18.3
HRTX Heron Therapeutics Inc 0.0124% 0.0010% $16,646,974 1,394,219 17.5
RDNT RadNet Inc 0.0124% 0.0010% $16,580,818 2,607,047 2.4
ONTY Oncothyreon Inc 0.0123% 0.0010% $16,488,413 5,725,144 16.6
NBS NeoStem Inc 0.0123% 0.0010% $16,471,659 2,418,746 7.9
IDRA Idera Pharmaceuticals Inc 0.0122% 0.0009% $16,393,002 5,652,759 3.0
OCLR Oclaro Inc 0.0118% 0.0009% $16,038,991 7,565,562 5.9
TAT TransAtlantic Petroleum Ltd 0.0119% 0.0009% $16,004,304 1,824,892 44.7
BPTH Bio-Path Holdings Inc 0.0119% 0.0009% $15,939,149 6,060,513 47.6
VSAR Versartis Inc 0.0117% 0.0009% $15,760,587 527,286 8.8
CSLT Castlight Health Inc 0.0117% 0.0009% $15,654,436 1,031,254 0.9
ANIP ANI Pharmaceuticals Inc 0.0117% 0.0009% $15,648,857 491,330 3.0
AGEN Agenus Inc 0.0113% 0.0009% $15,297,096 5,065,264 14.8
PTIE Pain Therapeutics Inc 0.0114% 0.0009% $15,284,018 3,087,680 10.9
GTT GTT Communications Inc 0.0112% 0.0009% $15,064,491 1,407,896 9.2
FBIZ First Business Financial Services Inc 0.0109% 0.0008% $14,784,850 321,690 17.9
CYTR CytRx Corp 0.0110% 0.0009% $14,781,088 3,536,145 2.4
FBMI Firstbank Corp/Alma MI 0.0105% 0.0008% $14,239,755 659,553 51.3
BEAT BioTelemetry Inc 0.0104% 0.0008% $13,980,628 1,904,718 4.0
CUI CUI Global Inc 0.0103% 0.0008% $13,962,324 1,682,208 8.2
BBW Build-A-Bear Workshop Inc 0.0104% 0.0008% $13,946,498 991,927 4.4
ITCI Intra-Cellular Therapies Inc 0.0104% 0.0008% $13,926,781 919,259 16.2
ZOES Zoe's Kitchen Inc 0.0103% 0.0008% $13,807,952 471,261 3.0
CLFD Clearfield Inc 0.0103% 0.0008% $13,762,941 809,585 6.1
HIL Hill International Inc 0.0102% 0.0008% $13,714,915 2,159,829 6.6
OPB Opus Bank 0.0101% 0.0008% $13,700,858 456,695 13.7
ZEN Zendesk Inc 0.0102% 0.0008% $13,640,706 853,611 1.4
MRTX Mirati Therapeutics Inc 0.0101% 0.0008% $13,531,917 632,628 21.1
BLMT BSB Bancorp Inc/MA 0.0097% 0.0008% $13,104,430 738,694 75.8
CIDM Cinedigm Corp 0.0095% 0.0007% $12,775,346 5,235,797 38.6
FRBK Republic First Bancorp Inc 0.0094% 0.0007% $12,773,886 2,554,777 17.4
IVAC Intevac Inc 0.0094% 0.0007% $12,735,956 1,728,081 27.4
AMZG American Eagle Energy Corp 0.0094% 0.0007% $12,659,106 2,075,263 8.0
AKBA Akebia Therapeutics Inc 0.0094% 0.0007% $12,580,198 517,704 5.8
PCTY Paylocity Holding Corp 0.0092% 0.0007% $12,392,357 636,485 2.4
SQBG Sequential Brands Group Inc 0.0091% 0.0007% $12,210,463 1,320,764 39.3
ESCA Escalade Inc 0.0089% 0.0007% $12,097,497 757,040 41.9
NSTG NanoString Technologies Inc 0.0090% 0.0007% $12,092,862 812,147 7.7
TWOU 2U Inc 0.0088% 0.0007% $11,880,412 822,743 4.4
ATEN A10 Networks Inc 0.0086% 0.0007% $11,572,281 1,011,563 2.6
ENZ Enzo Biochem Inc 0.0086% 0.0007% $11,524,903 2,804,113 16.0
NNVC NanoViricides Inc 0.0086% 0.0007% $11,523,650 3,255,268 15.8
OHRP Ohr Pharmaceutical Inc 0.0085% 0.0007% $11,410,793 1,339,295 4.9
OLBK Old Line Bancshares Inc 0.0083% 0.0006% $11,167,623 661,197 45.5
RGDO Regado Biosciences Inc 0.0083% 0.0006% $11,100,612 1,770,433 8.9
III Information Services Group Inc 0.0082% 0.0006% $11,019,333 2,148,018 20.3
DAVE Famous Dave's of America Inc 0.0082% 0.0006% $10,995,430 342,857 5.1
EVDY Everyday Health Inc 0.0081% 0.0006% $10,886,146 612,269 4.0
DXYN Dixie Group Inc/The 0.0081% 0.0006% $10,886,082 924,116 4.2
CLCT Collectors Universe Inc 0.0081% 0.0006% $10,809,160 522,687 7.9
KTWO K2M Group Holdings Inc 0.0079% 0.0006% $10,758,927 719,661 6.4
VTNR Vertex Energy Inc 0.0080% 0.0006% $10,702,633 1,090,992 2.4
BWEN Broadwind Energy Inc 0.0079% 0.0006% $10,680,002 958,708 4.6
OPWR OPOWER Inc 0.0078% 0.0006% $10,463,685 628,450 4.8
QTWO Q2 Holdings Inc 0.0078% 0.0006% $10,455,854 795,122 4.6
PCYG Park City Group Inc 0.0077% 0.0006% $10,342,338 850,521 10.7
SPWH Sportsman's Warehouse Holdings 0.0075% 0.0006% $10,143,245 1,098,943 5.2
AFH Atlas Financial Holdings Inc 0.0073% 0.0006% $9,763,861 661,508 5.9
ROIAK Radio One Inc 0.0073% 0.0006% $9,727,528 2,185,961 16.6
LBMH Liberator Medical Holdings Inc 0.0071% 0.0006% $9,582,513 2,596,887 19.8
DWCH Datawatch Corp 0.0070% 0.0005% $9,531,104 630,781 2.8
CSCD Cascade Microtech Inc 0.0069% 0.0005% $9,267,634 774,238 22.4
HNSN Hansen Medical Inc 0.0068% 0.0005% $9,220,087 6,272,168 7.8
KONA Kona Grill Inc 0.0066% 0.0005% $8,865,565 453,018 9.2
AMBR Amber Road Inc 0.0065% 0.0005% $8,736,793 638,654 5.4
XXII 22nd Century Group Inc 0.0064% 0.0005% $8,604,428 2,821,124 6.2
CMFN CM Finance Inc 0.0063% 0.0005% $8,528,065 610,019 8.1
IG IGI Laboratories Inc 0.0062% 0.0005% $8,290,191 1,573,091 7.7
RUBI Rubicon Project Inc/The 0.0061% 0.0005% $8,208,988 646,886 2.2
TRXC TransEnterix Inc 0.0060% 0.0005% $8,060,773 1,919,232 14.8
AKAO Achaogen Inc 0.0058% 0.0005% $7,820,808 557,435 7.2
BSTC BioSpecifics Technologies Corp 0.0058% 0.0004% $7,720,805 286,168 9.3
NYNY Empire Resorts Inc 0.0056% 0.0004% $7,506,453 1,191,501 10.0
HIVE Aerohive Networks Inc 0.0055% 0.0004% $7,412,710 744,248 5.7
FIVN Five9 Inc 0.0054% 0.0004% $7,224,171 964,509 6.8
BRDR Borderfree Inc 0.0054% 0.0004% $7,204,671 482,887 2.9
TRIV TriVascular Technologies Inc 0.0053% 0.0004% $7,127,402 445,741 17.2
USAK USA Truck Inc 0.0051% 0.0004% $6,953,796 411,467 5.9
TRUE Truecar Inc 0.0051% 0.0004% $6,884,240 628,124 1.4
PTSI PAM Transportation Services Inc 0.0050% 0.0004% $6,786,198 261,712 14.2
ALDR Alder Biopharmaceuticals Inc 0.0041% 0.0003% $5,556,903 517,403 12.7
SQBK Square 1 Financial Inc 0.0040% 0.0003% $5,422,693 287,067 4.2
QRHC Quest Resource Holding Corp 0.0039% 0.0003% $5,287,103 1,113,074 26.8
FRSH Papa Murphy's Holdings Inc 0.0038% 0.0003% $5,080,367 463,960 0.9
VTL Vital Therapies Inc 0.0037% 0.0003% $5,020,505 418,375 9.3
AGTC Applied Genetic Technologies C 0.0037% 0.0003% $4,900,156 357,676 25.5
SIF SIFCO Industries Inc 0.0036% 0.0003% $4,888,066 153,087 28.9
HEAR Parametric Sound Corp 0.0036% 0.0003% $4,776,389 464,629 2.0
PAYC Paycom Software Inc 0.0035% 0.0003% $4,741,239 355,149 3.5
SFBS Servisfirst Bancshares Inc 0.0032% 0.0002% $4,356,315 50,808 1.7
ADMS Adamas Pharmaceuticals Inc 0.0030% 0.0002% $3,965,866 222,177 3.1
HRTG Heritage Insurance Holdings 0.0026% 0.0002% $3,532,110 284,160 0.5
PFIE Profire Energy Inc 0.0025% 0.0002% $3,319,240 829,810 12.3
ARCW ARC Group Worldwide Inc 0.0018% 0.0001% $2,467,280 197,857 3.1
CRRS Corporate Resource Services Inc 0.0017% 0.0001% $2,331,222 959,351 9.5
Source: Deutsch e Bank, Russell, Bloomberg
Market Data 
Markets 
AI
