Velo3D (VELO) stock jumped 7.1% on Monday after the metal additive manufacturing company was added to the Russell 3000 Index and the Russell Microcap Index, effective June 29.
The move came as part of the first 2026 Russell indexes reconstitution, which ranks up to the 4,000 largest US stocks by total market capitalization as of April 30 each year.
Russell index membership is a big deal for smaller companies. Around $12.2 trillion in assets were benchmarked against Russell US indexes as of the end of May 2026.
That kind of passive money flow tends to follow when a stock gets added — fund managers tracking the index are essentially required to buy in.
VELO was already having a strong year before Monday’s news. The stock had risen more than 126% over the past 12 months, with a market cap sitting at roughly $496 million heading into June.
CEO Arun Jeldi welcomed the news. “Being added to the Russell 3000 and Russell Microcap indexes is an important milestone for Velo3D,” he said.
“We have made meaningful strides in transforming the company, advancing our technology leadership, and creating value for shareholders. Inclusion in these widely followed indexes broadens our exposure to the investment community.”
Membership in the Russell 3000 automatically places a company in either the large-cap Russell 1000 or small-cap Russell 2000, plus the relevant growth and value style indexes.
Given Velo3D’s current market cap, the company falls into the Russell 2000 and Russell Microcap buckets — the smaller end of the spectrum, but still meaningful for institutional visibility.
Velo3D makes metal 3D printing technology primarily for aerospace and defense supply chains. Its product lineup includes the Flow print preparation software, the Sapphire family of printers, and the Assure quality control system.
The company counts SpaceX and Honeywell among its clients — a detail that adds some weight to its defense and aerospace positioning.
Velo3D’s place in the Russell 3000 is locked in until the next semi-annual reconstitution in December 2026. At that point, it could shift between the Russell 1000 and Russell 2000 depending on market cap changes.
The Russell indexes are maintained by FTSE Russell and are among the most widely used benchmarks for US equity investment managers.
Monday’s 7.1% gain reflects the typical pattern seen when smaller companies enter major indexes — a burst of buying driven by passive fund flows and increased institutional attention.
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