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

For more information about S&P Dow Jones Indices, please visit www.spdji.com

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.

FOR MORE INFORMATION:
S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
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Cision View original content:https://www.prnewswire.com/news-releases/calix-set-to-join-sp-midcap-400-douglas-elliman-to-join-sp-smallcap-600-301451354.html

SOURCE S&P Dow Jones Indices

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