QuickLogic to Join Russell 2000 and 3000 Indexes on June 29
QUIK•QuickLogic will join the Russell 3000 and small-cap Russell 2000 indexes when US markets open June 29, following FTSE Russell’s semi-annual reconstitution ranking the 4,000 largest US stocks by April 30 market capitalization. Approximately $12.2 trillion in assets benchmarked to these indexes could drive new passive demand.
1. Inclusion Details
QuickLogic will be added to the Russell 3000 and small-cap Russell 2000 indexes effective at market open June 29 as part of FTSE Russell’s semi-annual reconstitution. The process ranks the 4,000 largest US stocks by April 30 market capitalization for inclusion across growth, value, and size style indexes.
2. Potential Passive Inflows
Approximately $12.2 trillion in assets are benchmarked to these Russell indexes, triggering buying from passive index funds and ETFs that track the Russell 2000 and 3000. Analysts estimate that this could increase trading volume and share demand in the days surrounding inclusion.
3. Company Positioning and Outlook
QuickLogic specializes in embedded FPGA Hard IP, strategic radiation-hardened and antifuse FPGAs, serving aerospace, defense, and industrial markets. CEO Brian Faith says the index inclusion will enhance visibility and support the company's strategy to drive growth and shareholder value.
