The Longmont-based company was added to the broad-market Russell
3000 Index, small-cap Russell 2000 Index and the Russell Global Index as a result of Russell Investments annual reconstitution of its set of U.S. and global equity indexes finalized June 27.
Annual reconstitution of Russell’s U.S. indexes captures the 4,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization. Dot Hill has a market cap of $286 million.
Membership in the Russell 3000, which remains in place for one year, means automatic inclusion in small-cap Russell 2000 Index or the large-cap Russell 1000 Index as well as the appropriate growth and value style indexes.
Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes. The Russell 3000 also serves as the U.S. component to the Russell Global Index, which Russell launched in 2007.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $5.2 trillion in assets are benchmarked to the Russell indexes.