Avid Bioservices Inc (CDMO)

[keep_trying]

Lou, I believe that it is the end of May that sets the market capitalization. The interim dates through June reflects corrections in the calculations. If you have information to the contrary, please let us know.

Best wishes and IMO.
KT

Here is a quote from the Russell web site:
On the last trading day in May, all eligible securities are ranked by their total market capitalization. The largest
4,000 become the Russell 3000E Index, and the other Russell indexes are determined from that set of securities. If 4,000 eligible securities do not exist in the U.S. market, the entire eligible set is included.
Reconstitution occurs on the last Friday in June. However, at times this date precedes a long U.S. holiday weekend, when liquidity is low. In order to ensure proper liquidity in the markets, when the last Friday in June is the 28th, 29th or 30th, reconstitution will occur on the proceeding Friday.