Wag! ((Wag! Group Co., NASDAQ:PET), which strives to be the number one platform for Pet Parents, offering on-demand access to five-star pet care, pet insurance options, premium pet products, and expert pet advice, is set to join the Russell Microcap® Index at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the US market opens on June 26, according to a preliminary list of additions posted May 19.
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.
“We’re honored to have been identified by Russell to join their ecosystem of Indexes and to be included in the index in 2023,” said Wag! CFO, Alec Davidian.
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.
“This achievement reflects our commitment to becoming the top dog in the pet care industry, and we are grateful for the support of FTSE Russell, our team, and the entire Wag! community. We look forward to the paw-pportunities it will bring,” added Garrett Smallwood, CEO and Chairman of Wag!.
For more information on the Russell Microcap® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.
