S&P Dow Jones Indices announced that Hudson Pacific Properties will be removed from the S&P SmallCap 600 index. This change is effective prior to the open of trading on Monday, December 23, 2024.
The removal is part of a quarterly rebalance by S&P Dow Jones Indices to ensure each index is more representative of its market capitalization range. Companies removed are no longer considered representative of the small-cap market space.
This index change can lead to adjustments in institutional portfolios, as funds tracking the S&P SmallCap 600 will no longer hold HPP shares. Such rebalances can influence trading volume and investor composition.
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