Shares of Reddit, Inc. ( RDDT ) are trading higher Thursday after the company was named among the additions to the Russell 3000 index on Wednesday.

What To Know: FTSE Russell confirmed on Wednesday that Reddit ( RDDT ) will join the Russell 3000 at the close of trading on June 27, 2025, as part of its annual index reconstitution. This inclusion means Reddit ( RDDT ) will also be added to either the Russell 1000 or Russell 2000 index, determined by objective, market-capitalization rankings and style attributes.

The addition is significant because Russell indexes are commonly used by institutional investors and index funds as benchmarks. As of June 2024, roughly $10.6 trillion in assets were benchmarked to these indexes. Companies added to the Russell 3000 often see increased investor attention and inflows due to automatic fund rebalancing.

Reddit ( RDDT ) went public in March 2024 and remains one of the most visited websites globally.

The stock's movement reflects optimism surrounding its increased visibility and potential demand from index-tracking investors leading up to the June 27 effective date.

RDDT Price Action: Reddit ( RDDT ) shares were up 3.48% at $109.1 at the time of writing, according to Benzinga pro.

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