NetworkNewsBreaks – SRAX (NASDAQ: SRAX) Announce
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Posted On: 02/09/2021 3:07:26 PM
NetworkNewsBreaks – SRAX (NASDAQ: SRAX) Announces LD Micro Index Reconstitution, Index Adds 423 Companies
SRAX Inc. (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its SaaS platform, has announced the reconstitution of its LD Micro Index. The announcement included impressive numbers that indicate the index’s growth: in 2020, the LD Micro Index was up 35.72%, and as of market close on Feb. 5, 2021, growth for this year was 34.21%. The LD Micro Index, which includes 1,189 companies, employs a mixture of screening for inclusion and manual exclusion on its selection of microcap North American companies. The company noted that reconstitution of the index occurs once a year wherein companies that meet general section criteria are added; this year 423 companied were added to the index. Founded in 2006, LD Micro began as an independent resource to the microcap world. Through the years, the index has become recognized as the premier event platform in the space. SRAX acquired LD Micro Index in September 2020; the recent LD Micro event was hosted on SRAX’s Sequire platform. “I cannot believe what I’ve seen in the past year,” said LD Micro president Chris Lahiji in the press release. “The LD Micro Index has more than tripled from its March 2020 lows. The tiniest public companies were also some of the biggest winners last year, and already year-to-date. As each day goes by, the Index becomes more and more consequential to the next generation of great companies.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
SRAX Inc. (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its SaaS platform, has announced the reconstitution of its LD Micro Index. The announcement included impressive numbers that indicate the index’s growth: in 2020, the LD Micro Index was up 35.72%, and as of market close on Feb. 5, 2021, growth for this year was 34.21%. The LD Micro Index, which includes 1,189 companies, employs a mixture of screening for inclusion and manual exclusion on its selection of microcap North American companies. The company noted that reconstitution of the index occurs once a year wherein companies that meet general section criteria are added; this year 423 companied were added to the index. Founded in 2006, LD Micro began as an independent resource to the microcap world. Through the years, the index has become recognized as the premier event platform in the space. SRAX acquired LD Micro Index in September 2020; the recent LD Micro event was hosted on SRAX’s Sequire platform. “I cannot believe what I’ve seen in the past year,” said LD Micro president Chris Lahiji in the press release. “The LD Micro Index has more than tripled from its March 2020 lows. The tiniest public companies were also some of the biggest winners last year, and already year-to-date. As each day goes by, the Index becomes more and more consequential to the next generation of great companies.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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