S&P Dow Jones Indices announced that Clearwater Paper Corp. will be removed from the S&P SmallCap 600 index. This change is effective prior to the opening of trading on Monday, November 4.
Clearwater Paper will be replaced by Everus Construction Group Inc. The decision was made because Clearwater Paper is no longer considered representative of the small-cap market space.
This removal may impact the company's visibility among certain institutional investors who track the index. Such changes can sometimes lead to adjustments in portfolio holdings by index-tracking funds.
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