WAYNE, PA — Aclaris Therapeutics, Inc. (NASDAQ: ACRS) has announced its inclusion in the Russell 3000® and Russell 2000® Indexes, which became effective yesterday. This milestone marks a significant step for the biopharmaceutical company, strengthening its presence in the investment community.
The Russell US Indexes reconstitution, an annual process managed by global index provider FTSE Russell, ranks the 4,000 largest U.S. stocks by total market capitalization. Membership in the all-cap Russell 3000 Index ensures automatic inclusion in either the large-cap Russell 1000 Index or the small-cap Russell 2000 Index, as well as the appropriate style-based growth and value indexes.
Russell indexes are widely regarded as benchmarks in the investment industry, with $10.6 trillion in assets benchmarked against them as of June 2024. Inclusion in these indexes provides companies like Aclaris with increased visibility, potentially attracting broader institutional investment and enhancing liquidity.
This recognition underscores Aclaris Therapeutics’ growth trajectory and solidifies its position in the market, emphasizing the company’s potential for future opportunities and investor confidence. Membership in the Russell indexes typically signals a strengthening market presence, further validating the company’s strategy and execution in its field.
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