ORLANDO, FL (June 27, 2016) – IZEA, Inc. (NASDAQ: IZEA), operators of IZEAx, the premier online marketplace connecting brands and publishers with influential content creators, has been added to the Russell Microcap® Index effective at the open of trading, marking the annual Russell Indexes reconstitution.
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 by objective, market-capitalization rankings and style attributes.
“Joining the Russell Microcap Index represents another milestone for IZEA,” said Ted Murphy, Chairman and Chief Executive Officer of IZEA. “This follows several other recent milestones for IZEA, including our up-listing to the NASDAQ Capital Market and reporting record quarterly revenue. This is an opportune time for the greater visibility and awareness in the investment community created by a Russell listing.”
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Indexes provided by FTSE Russell, a leading global index provider, are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $6 trillion in assets are benchmarked against the Russell US Indexes.
For more information on the Russell Microcap® Index and the Russell US Indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.
