Hamilton Lane shares are trading higher after ht was announced the company will be added to the S&P MidCap 400.
Portfolio Pulse from Benzinga Newsdesk
Hamilton Lane shares rose following the announcement of its addition to the S&P MidCap 400 index.
September 09, 2024 | 1:56 pm
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Hamilton Lane's stock price increased due to the announcement of its inclusion in the S&P MidCap 400 index, which often leads to increased visibility and potential investment from index funds.
Inclusion in the S&P MidCap 400 index can lead to increased demand for a company's shares as index funds that track the index will need to purchase the stock. This often results in a short-term price increase.
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