Calix Set to Join S&P MidCap 400; Douglas Elliman to Join S&P SmallCap 600
NEW YORK, Dec. 28, 2021 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600:
- Douglas Elliman Inc. (NYSE:DOUG) will be added to the S&P SmallCap 600 prior to the open of trading on Thursday, December 30, replacing Matrix Service Co. (NASD: MTRX), which will be removed from the S&P SmallCap 600 effective prior to the open of trading on Friday, December 31. S&P SmallCap 600 constituent Vector Group Ltd. (NYSE:VGR) is spinning off Douglas Elliman in a transaction expected to be completed on December 30. Post spin-off, Vector Group will remain in the S&P SmallCap 600. Matrix Service is no longer representative of the small-cap market space.
- Calix Inc. (NYSE:CALX) will replace CIT Group Inc. (NYSE:CIT) in the S&P MidCap 400 effective prior to the opening of trading on Tuesday, January 4. First Citizens BancShares Inc. (NASD: FCNCA) is acquiring CIT Group in a deal expected to be completed soon pending final closing conditions.
Following is a summary of the changes that will take place prior to the open of trading on the effective date:
Effective Date | Index Name | Action | Company Name | Ticker | GICS Sector |
December 30, 2021 | S&P SmallCap 600 | Addition | Douglas Elliman | DOUG | Consumer Staples |
December 31, 2021 | S&P SmallCap 600 | Deletion | Matrix Service | MTRX | Industrials |
January 4, 2022 | S&P MidCap 400 | Addition | Calix | CALX | Information Technology |
S&P MidCap 400 | Deletion | CIT Group | CIT | Financials |
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SOURCE S&P Dow Jones Indices