Sitio Royalties Corp. was removed from both the Russell 2000 Defensive Index and the Russell 2000 Value-Defensive Index. These changes are part of the routine rebalancing of the Russell family of indexes.
Inclusion or exclusion from such prominent indexes can influence institutional investment flows, as many passive and active funds track these benchmarks. The removal may lead to adjustments in portfolio holdings by funds that adhere to these index compositions.
The reclassification reflects changes in market capitalization, style, and other criteria used by FTSE Russell for its index construction. Investors typically monitor these index changes for potential impacts on stock liquidity and investor interest.
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