GOLETA, Calif., June 29, 2020 (GLOBE NEWSWIRE) -- Resonant Inc. (NASDAQ:RESN), a leader in transforming the way radio frequency, or RF, front-ends are being designed and delivered for mobile handset and wireless devices, is set to join the small-cap Russell 2000® Index and broad-market Russell 3000® Index at the conclusion of the 2020 Russell indexes annual reconstitution. The Russell Index changes will be effective after the US market opens on June 29, 2020. The stock also was automatically added to the appropriate growth and value indexes.
“We are pleased to have Resonant’s shares included in the Russell 3000 and 2000 indices,” stated George B. Holmes, Chairman and CEO of Resonant. “We believe Resonant’s inclusion is an important milestone for us, providing a broader platform for an increased number of investors to gain exposure to the tremendous opportunity we are enabling in 5G with our XBAR® RF Filter technology and the unique solutions we enable with our Infinite Synthesized Networks® (ISN®) software for the development of cutting edge acoustic wave RF filters and modules.”
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $9 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.
For more information on the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.