WOODCLIFF LAKE, NJ – JUNE 7, 2022 – Hudson Technologies, Inc. (NASDAQ: HDSN), a leading provider of innovative and sustainable refrigerant products and services to the Heating, Ventilation, Air Conditioning, and Refrigeration industry – and one of the nation’s largest refrigerant reclaimers, today announced that it is set to join the Russell 2000® Index at the conclusion of the 2022 Russell indexes annual reconstitution, effective after the US market opens on Monday, June 27, 2022, according to a preliminary list of additions posted Friday, June 3, 2022.
Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of May 6, 2022, ranking them by total market capitalization. Membership in the US all-cap Russell 3000® Index, which remains in place for one year, 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-capitalization rankings and style attributes.
Brian F. Coleman, President and Chief Executive Officer of Hudson Technologies commented, “We’re pleased that we are being added to the Russell 2000® Index, and believe our selection demonstrates the strength of our business model as a provider of products and services designed to promote the sustainable and environmentally sound operation of cooling and refrigeration systems. We welcome the enhanced visibility provided by our inclusion in the Russell 2000® Index as we execute on our strategy to drive continued growth and shareholder value.”
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12 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.
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