Destination XL Group, Inc. was dropped from several Russell indices on June 30, 2025. These include the Russell 2000 Value-Defensive Index, Russell 2000 Defensive Index, Russell 2000 Dynamic Index, Russell 3000E Value Index, Russell 3000E Index, Russell 3000 Value Index, Russell 2500 Value Index, Russell Small Cap Comp Value Index, Russell Small Cap Completeness Index, and Russell 2000 Value Index.
Inclusion or exclusion from major indices like the Russell family is significant for a company's investor base. Institutional funds and ETFs that track these indices are required to adjust their holdings accordingly.
This removal from multiple indices may lead to a decrease in demand for DXLG shares from passive investment vehicles. It reflects a re-evaluation of the company's market capitalization and other criteria used for index composition.
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