Eagle Bulk Shipping joins Russell 3000® index

Eagle Bulk Shipping Inc. (Nasdaq:EGLE) has announced that the company has been added as a member of the broad-market Russell 3000® Index as part of the 2017 Russell indexes reconstitution.

Membership in the Russell 3000® Index means automatic inclusion in the large-cap Russell 1000^® Index or small-cap Russell 2000^® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalisation rankings and style attributes.

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately US$8.4 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

For more information on the Russell 3000^® Index and the Russell indexes reconstitution, go to the 'Russell Reconstitution' section on the FTSE Russell website.

Read the article online at: https://www.drybulkmagazine.com/shipping/30062017/eagle-bulk-shipping-joins-russell-3000-index/