Hooker Furnishings Corporation (NASDAQ:HOFT) was removed from several Russell indices, including the Russell 2000 Value-Defensive Index and the Russell 2000 Dynamic Index. The company was also dropped from the Russell 2000 Defensive Index and the Russell 3000E Value Index.
Further removals included the Russell 3000E Index, Russell 3000 Value Index, and Russell 2500 Value Index. The company was also dropped from the Russell Small Cap Comp Value Index, Russell Small Cap Completeness Index, and Russell 2000 Value Index.
These changes in index inclusion can impact institutional investment flows, as many passive funds track these indices. Companies removed from such indices may experience reduced demand for their shares from these funds.
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