Velocity Financial, Inc. (NYSE:VEL) announced its inclusion in the Russell 2000 Value-Defensive Index. This addition is part of the broader Russell index reconstitution, which re-evaluates and updates its components annually.
The company was also added to the Russell 2000 Defensive Index. These inclusions are expected to increase Velocity Financial's visibility within the investment community and potentially attract a wider range of institutional investors.
Membership in these indexes is determined by a combination of market capitalization and investment style, reflecting Velocity Financial's position within the small-cap market and its financial characteristics.
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