CytoSorbents Corporation (CTSO)

[techxen]

Tech, healthcare to get bumped up in Russell index remake

This article was published right before Friday's re-balancing and also describes what happens when stocks are added and removed from both the Russell 1000 Large Cap and 2000 Small Cap indexes on the 4th Friday in June:

https://www.reuters.com/article/usa-stocks-russell/tech-healthcare-to-get-bumped-up-in-russell-index-remake-idUSL1N1TM0SS

According to Nasdaq, last year’s rebalance resulted in more than 972 million shares, representing $28.9 billion, executed during its “closing cross” in 0.861 seconds. What was interesting is if a company 'graduates' to the largecap index it can be a negative for the stock price during the reconstitution - "since more money is actually held in smaller names in the Russell 2000 than the Russell 1000, a move to the largecap index generally results in some net selling".