MSG Rangers and Huron Consulting Group to Join the S&P SmallCap 600 Index

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On-chain news reports that S&P Dow Jones Indices will adjust the S&P SmallCap 600 index. MSG Rangers Inc. (NYSE: MSGR) will be added on October 27, replacing Arbor Realty Trust (NYSE: ABR). Huron Consulting Group Inc. (NASDAQ: HURN) will replace Supernus Pharmaceuticals Inc. (NASDAQ: SUPN) on November 2. The changes are part of routine index rebalancing. Crypto news platforms are closely tracking these updates.
CoinDesk reports:

New York, October 22 /PRNewswire/ -- S&P Dow Jones Indices will make the following adjustments to the S&P SmallCap 600 Index:

  • MSG Rangers Inc. (NYSE: MSGR) will be added to the S&P SmallCap 600 Index effective prior to the open on Tuesday, October 27, replacing Arbor Realty Trust (NYSE: ABR). Arbor Realty Trust will be removed from the index effective prior to the open on Wednesday, October 28. The S&P SmallCap 600 Index component Madison Square Garden Sports Corp. (NYSE: MSGS) is spinning off MSG Rangers, with the transaction expected to be completed on October 27. Madison Square Garden Sports will be renamed MSG Knickerbockers Inc. (NYSE: MSGK) and will remain in the S&P SmallCap 600 Index. Arbor Realty Trust no longer represents the small-cap market segment.
  • Huron Consulting Group Inc. (NASDAQ: HURN) will replace Supernus Pharmaceuticals Inc. (NASDAQ: SUPN) in the S&P SmallCap 600 Index effective before the market opens on Monday, November 2. Indivior Pharmaceuticals Inc. (NASDAQ: INDV) is acquiring Supernus Pharmaceuticals, and the transaction is expected to close soon, subject to final closing conditions.

The following is a summary of adjustments that will occur before the effective date and before market open:

About S&P Dow Jones Indices

S&P Dow Jones Indices is the world’s largest provider of index-based concepts, data, and research resources, and the home of iconic market benchmarks such as the S&P 500 and the Dow Jones Industrial Average. Products based on its indices attract more assets under management than those of any other index provider globally. Since Charles Dow created the first index in 1884, S&P DJI has continuously innovated and developed indices across asset classes, helping to define how investors measure and trade markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential insights to individuals, companies, and governments to help them make confident decisions. For more information, visit www.spglobal.com/spdji/en/.

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