Universal Technical Institute to Replace Veris Residential in S&P SmallCap 600
UTI•Universal Technical Institute Inc will replace Veris Residential in the S&P SmallCap 600 effective May 27, 2026. The move is likely to boost Universal Technical Institute’s share demand as index-tracking funds adjust holdings ahead of trading that day.
1. S&P SmallCap 600 Rebalancing
Effective prior to the opening of trading on May 27, 2026, the S&P SmallCap 600 will add Universal Technical Institute and Peloton Interactive while deleting Veris Residential and Enviri Corporation.
2. UTI's Addition Details
Universal Technical Institute Inc, classified in the consumer discretionary sector, will replace Veris Residential in the index, reflecting its eligibility based on market capitalization and liquidity criteria.
3. Potential Market Impact
Inclusion in the S&P SmallCap 600 typically drives increased demand from index-tracking and passive funds, potentially boosting share liquidity and trading volumes for Universal Technical Institute.
