Ocean Rig UDW Inc., an international contractor of offshore deepwater drilling services, has joined the broad-market Russell 3000 Index at the conclusion of the Russell US Indexes annual reconstitution, effective after the US market opened on June 25, 2018.
Annual Russell US Indexes reconstitution captures the 4,000 largest US stocks as of May 11, 2018, ranking them by total market capitalization. Membership in the Russell 3000 Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000 Index or small-cap Russell 2000 Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell US Indexes primarily by objective, market-capitalization rankings and style attributes.
Russell US Indexes are widely used by investment mana gers and institutional invest ors as the basis for index funds and as benchmarks for active investment strategies. Approximately $9 trillion in assets are benchmarked against Russell US Indexes. Russell US Indexes are part of FTSE Russell, a leading global index provider.
About Ocean Rig UDW Inc.
Ocean Rig is an international offshore drilling contract or providing oilfield services for offshore oil and gas exploration, development and production drilling, a nd specializing in the ultra-deepwater and harsh- environment segment of the offshore drilling industry. Ocean Rig’s common stock is listed on the NASDAQ Global Select Market where it trades under the symbol “ORIG.”