Trump Media & Technology Group (DJT) shares rose in intraday trading Monday after it was announced that the owner of the Truth Social platform has been added to the 澳洲幸运5官方开奖结果体彩网:Russell 3000 and 澳洲幸运5官方开奖结果体彩网:Russell 1000 indexes as part of their annual adjustments.

The media company of the former president will be a part of the indexes until the 澳洲幸运5官方开奖结果体彩网:next annual rebalancing that takes place in June. This year's adjustments were finalized after markets closed Friday and are effective Monday morning, with dozens of other companies also joining the indexes along with Trump Media.

What the Addition Means for Trump Media

The Russell 3000 tracks the largest companies that trade on U.S. stock exchanges by 澳洲幸运5官方开奖结果体彩网:market capitalization, and is the basis for the smaller 澳洲幸运5官方开奖结果体彩网:Russell 2000 and R♏ussell 1000 indexes, which track the bottom two-thirds and top third of the larger index, respectively.

Companies can gain a number of benefits from being included on a major index like the Russell indexes or 澳洲幸运5官方开奖结果体彩网:the S&P 500, among others.

Inclusion on a major index can lead to more investors becoming aware of a stock, and also lead to the stock being added to 澳洲幸运5官方开奖结果体彩网:exchange traded funds (ETFs) or other in♕vestment vehicles that track the performance of a specific stock index.

Tru🙈mp Media shares were up 2.1% to $33.42 as 𓂃of noon ET Monday.