AvePoint Set to Join S&P SmallCap 600
AvePoint (AVPT) will replace LXP Industrial Trust (LXP) in the S&P SmallCap 600 before trading opens on November 2, 2026.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
AvePoint (AVPT) will replace LXP Industrial Trust (LXP) in the S&P SmallCap 600 before trading opens on November 2, 2026. AvePoint will enter the index in the Information Technology sector, while LXP will leave the Real Estate sector. Brookfield Asset Management and Canada Pension Plan Investment Board are acquiring LXP in a deal expected to close soon, pending final closing conditions.
Details
News Market Reaction – AVPT
On Oct 28, the first trading day after this news, AVPT closed 4.50% above the previous close. Our momentum scanner recorded 18 alerts for this stock that day. Relative volume reached 5.1x the daily average during tracking.
Data tracked by StockTitan Argus for the Oct 28 session.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Following is a summary of the changes that will take place prior to the open of trading on the effective date:
|
Effective Date |
Index Name |
Action |
Company Name |
Ticker |
GICS Sector |
|
|
Nov 2, 2026 |
S&P SmallCap 600 |
Addition |
AvePoint |
AVPT |
Information Technology |
|
|
Nov 2, 2026 |
S&P SmallCap 600 |
Deletion |
LXP Industrial Trust |
LXP |
Real Estate |
|
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/.
FOR MORE INFORMATION:
S&P Dow Jones Indices
index_services@spglobal.com
Media Inquiries
spdji.comms@spglobal.com
View original content:https://www.prnewswire.com/news-releases/avepoint-set-to-join-sp-smallcap-600-302921327.html
SOURCE S&P Dow Jones Indices
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
When will AvePoint (AVPT) replace LXP in the S&P SmallCap 600?
AvePoint will replace LXP Industrial Trust in the S&P SmallCap 600 before the opening of trading on November 2, 2026. AvePoint will be classified in Information Technology; LXP is being removed from Real Estate.