GrowGeneration Stock Jumps After Joining Russell 2000 Index

GrowGeneration Corp GRWG has been added to the Russell 2000 Index after the 2021 Russell indexes annual reconstitution.
The addition became effective after the U.S. market opened on Monday, June 28.
"We believe our Russell 2000 listing will increase long-term shareholder value by improving awareness, liquidity, and appeal to institutional investors," said CEO Darren Lampert.
Russell indexes are part of FTSE Russell, a global index provider which determines membership by objective, market-capitalization rankings, and style attributes.
Price action: GRWG shares are trading higher by 10.9% at $48.1 on the last check Monday.