<div id="readability-page-1" class="page"><div>Shares of Opendoor Technologies are spiking after the company announced it’s been selected for inclusion in the Russell 3000 Index.Being added to indexes often brings along with it flows from funds that track those benchmarks.“Inclusion in the Russell 3000 Index typically means membership in either the large-cap Russell 1000 Index or the small-cap Russell 2000 Index, as well as in relevant growth and value style indexes,” per the press release.These additions will be effective after June 26.What a difference a year makes: Opendoor was removed from the Russell 2000 at about this time last year because its share price had failed to hold $1. The flows associated with getting booted from the Russell 2000 was cited as a reason for elevated short interest on the stock, which one Redditor (u/gregw134) argued made Opendoor an attractive buy — months before its parabolic surge. Since then, the company has picked up a horde of investors (the so-called “$OPEN ARMY”), overhauled its management ranks, and appears to be on the precipice of breaking even.Eric Jackson, the architect of the explosion in retail attention on Opendoor, shouted out that Redditor’s research in an interview with Sherwood News:<blockquote>“That was a great post. It was a really thoughtful post. Really, really detailed. I think I buy into probably 90% to 95% of what he’s saying. And I didn’t know about the whole ETF unloading, kicking it out of the Russell 2000, as a potential reason why it dipped down to $0.50 a couple of weeks ago.”</blockquote>It’s also a strong session for stocks geared to the real estate market in general, with the fever in long-term bond yields seemingly well and truly broken.</div></div>

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Opendoor Technologies' shares surged after the company announced its inclusion in the Russell 3000 Index, effective June 26. This move typically leads to increased investment flows from funds tracking the index. A year ago, Opendoor was removed from the Russell 2000 due to a low share price. The company has since gained a strong investor base and is nearing profitability, with positive sentiment in the real estate market.

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Opendoor Tech

Direxion Small Cap Bull 3X

Vanguard Russell 3000

iShares Russell 2000

ProShares Ultra Russell2000 ETF

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ISHRS Russ 3000

Vanguard Russell 2000 Value

Vanguard Real Estate ETF

ISHRS Russ 1000

Vanguard Russell 1000 Growth

Opendoor Tech Series Z - CW26

Opendoor Tech Series A - CW26

Opendoor Tech Series K - CW26

Opendoor surges on news that it’s being re-added to Russell indexes