Omega Protein Selected to Join the Russell 3000 Index
Omega Protein Corporation (NYSE: OME), a nutritional ingredient company that is also the nation's leading producer of Omega-3 fish oil and specialty fish meal products, today announced that it has been selected to join the Russell 3000 Index® when the Russell Investment Group reconstitutes its family of U.S., reports www.megafishnet.com with reference to Omega Protein.
indexes on June 24, 2011. Russell recently posted a list of preliminary additions to its indexes on www.russell.com.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. Investment managers who oversee these funds purchase shares of member stocks according to that company's weighting in the particular index.
Annual reconstitution of Russell indexes captures the 3,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization to create the Russell 3000. The largest 1,000 companies in the ranking comprise the Russell 1000 while the remaining 2,000 companies become the widely used Russell 2000.
About Omega Protein
Omega Protein Corporation is a nutrition and wellness company dedicated to delivering healthy products to the animal, human and plant nutrition industries. Omega Protein's marine product lines are sourced from menhaden, an Omega-3 rich fish harvested along the Atlantic and Gulf coasts.