S&P SmallCap 600 reshuffles with Peloton and Universal Technical Institute joining in May
Changes are coming to the S&P SmallCap 600 index later this month. Two companies will exit, while two new ones take their place. The adjustments follow corporate deals and a planned spin-off.
The updates take effect on May 27, 2026. Enviri Corporation, an Industrials sector firm, is spinning off parts of its business into a new publicly traded company. This move, expected later in May, will leave the remaining parent entity under Veolia Environment SA’s ownership. The newly formed company, however, will not fit the small-cap classification.
As a result, Peloton Interactive Inc. (NASD: PTON) will replace Enviri Corp. (NYSE: NVRI) in the index. Peloton operates within the Consumer Discretionary sector.
Meanwhile, Veris Residential Inc. (NYSE: VRE), a Real Estate company, is being acquired by Affinius Capital and Vista Hill Partners. The deal is nearing completion, pending final closing conditions. Universal Technical Institute Inc. (NYSE: UTI), another Consumer Discretionary firm, will step in to fill Veris Residential’s spot in the S&P SmallCap 600. The index changes reflect ongoing corporate restructuring and acquisitions. Peloton and Universal Technical Institute will join the S&P SmallCap 600 on May 27, 2026. The adjustments follow Enviri’s spin-off and Veris Residential’s takeover.
