NCR Voyix And Rush Enterprises To Join S&P SmallCap 600
Portfolio Pulse from Benzinga Newsdesk
NCR Voyix and Rush Enterprises are set to join the S&P SmallCap 600. Livent, currently in the S&P SmallCap 600, will move to the S&P MidCap 400, replacing NCR Voyix. Concurrently, NCR Voyix will take Livent's place in the S&P SmallCap 600. Rush Enterprises will replace RPT Realty in the S&P SmallCap 600.
December 19, 2023 | 10:36 pm
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NEGATIVE IMPACT
RPT Realty (RPT) will be removed from the S&P SmallCap 600, which may lead to reduced exposure and potential selling pressure from index funds.
Being removed from an index like the S&P SmallCap 600 can result in reduced exposure and selling pressure as index tracking funds adjust their holdings to reflect the index composition change.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
NCR Voyix will move from the S&P MidCap 400 to the S&P SmallCap 600, which may affect its stock due to changes in index fund allocations.
The impact of moving from the S&P MidCap 400 to the S&P SmallCap 600 is uncertain. It may lead to selling pressure from MidCap funds and buying pressure from SmallCap funds, resulting in neutral short-term impact.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Livent (LTHM) is set to move from the S&P SmallCap 600 to the S&P MidCap 400, potentially increasing its visibility and investment appeal.
Moving to a larger index like the S&P MidCap 400 often results in increased visibility and can attract more institutional investors due to index tracking funds reallocating their portfolios.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Rush Enterprises (RUSHA) will join the S&P SmallCap 600, potentially leading to increased demand for shares from index funds.
Joining the S&P SmallCap 600 can lead to increased demand for shares as index funds that track the index may need to purchase the stock to realign their portfolios.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80