Velo3D shares jump 7.1% after inclusion in Russell 3000 and Microcap indexes

Velo3D's stock rose 7.1% following its addition to the Russell 3000 and Russell Microcap indexes, effective June 29. This inclusion means significant passive investment inflows from funds tracking these benchmarks, which cover about $12.2 trillion in assets. Velo3D, a metal 3D printing company serving aerospace and defense clients like SpaceX, has seen its shares climb over 126% in the past year, with a market cap near $496 million. The company will remain in the Russell 3000 until at least December 2026, potentially moving between small and microcap categories depending on market cap changes.