NMI Holdings, Inc. was dropped from several Russell Growth indices, including the Russell 2000 Growth Index, Russell 2000 Growth-Defensive Index, Russell 2500 Growth Index, Russell 3000 Growth Index, Russell 3000E Growth Index, and Russell Small Cap Comp Growth Index, effective June 30, 2025.
These removals are typically a result of the annual rebalancing of the Russell indices, which re-evaluates companies based on their growth characteristics and market capitalization. The change indicates a reclassification of NMIH's profile within these specific index methodologies.
The exclusion from these indices may lead to adjustments in portfolios of passive funds that track these benchmarks. This could result in shifts in institutional ownership and trading activity for NMIH shares.
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