S&P Dow Jones Indices said on Friday that Magnolia Oil & Gas (NYSE: MGY), Air Lease (NYSE: AL), Box (NYSE: BOX), BGC Group (NASD: BGC), BlackLine (NASD:BL), Arch Resources (NYSE: ARCH) and MGE Energy (NASD: MGEE) will replace America's Car Mart (NASD: CRMT), TrueBlue (NYSE: TBI), Forrester Research (NASD: FORR), Oil States International (NYSE: OIS), Digital Turbine (NASD: APPS), Consensus Cloud Solutions (NASD: CCSI) and iRobot (NASD: IRBT) respectively in the S&P SmallCap 600.
The changes are effective prior to the open of trading on Monday, March 18, to coincide with the quarterly rebalance.
“The companies being removed from the S&P SmallCap 600 are no longer representative of the small-cap market space.” S&P Dow Jones Indices said in a statement.