by Index Committee / April 17, 2020
Following the volatility in equity markets driven by coronavirus, Turtle Beach Corp (NASDAQ: HEAR) has re-established a market capitalization of greater than $100 million. As per our Index Methodology, Turtle Beach qualifies as a “pure-play” company. Turtle Beach has been re-added to the Roundhill BITKRAFT Esports Index at a weighting of 5.590062%. The remaining 25 constituents have been re-weighted downwards on a pro-rata basis. The changes became effective as of the close of business today April 17, 2020.
Turtle Beach is the leader in the North American gaming console headset market. The company recently expanded its partnership with NRG Esports.