Northern Technologies International Corporation was removed from a series of Russell indices, including the Russell 2000 Index, Russell 3000 Index, and Russell 2500 Growth Index. The company was also dropped from various sub-indices such as the Russell 2000 Growth-Defensive Index, Russell 2000 Dynamic Index, Russell 2000 Defensive Index, Russell 3000E Growth Index, Russell 3000E Index, Russell Small Cap Completeness Index, and Russell Small Cap Comp Growth Index.
These removals indicate that NTIC no longer meets the specific criteria for inclusion in these indices, which are widely tracked by institutional investors and passive funds. Such changes can lead to adjustments in portfolio holdings by funds that replicate these indices.
The exclusion from these indices may affect the company's visibility and liquidity in the market, as index-tracking funds may be required to sell their shares. This development reflects a re-evaluation of the company's market capitalization or other quantitative factors by the index provider.
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