Nauticus Robotics Announces Inclusion in Russell Microcap® Index
Nauticus Robotics, Inc. (NASDAQ: KITT), a developer of ocean robots using artificial intelligence for data collection and intervention services, has announced its addition to the Russell Microcap® Index at the conclusion of the 2023 annual reconstitution, effective after the US market opens today on June 26, 2023.
Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12.1 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 Microcap® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.