Universal Technical Institute and Peloton Interactive Set to Join S&P SmallCap 600

Rhea-AI Summary

Universal Technical Institute (NYSE: UTI) and Peloton Interactive (NASD: PTON) will join the S&P SmallCap 600 effective before market open on May 27, 2026. UTI will replace Veris Residential (VRE), which is being acquired, while PTON will replace Enviri (NVRI), which is spinning off assets and then being acquired.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Positive

• UTI added to S&P SmallCap 600 effective May 27, 2026
• PTON added to S&P SmallCap 600 effective May 27, 2026

Negative

• Veris Residential (VRE) removed from S&P SmallCap 600 on May 27, 2026
• Enviri (NVRI) removed from S&P SmallCap 600 on May 27, 2026

News Market Reaction – NVRI

-1.21%

-1.21% News Effect

On the day this news was published, NVRI declined 1.21%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

What This Means

This announcement details that Enviri will be deleted from the S&P SmallCap 600 effective May 27, 20...

Analysis

This announcement details that Enviri will be deleted from the S&P SmallCap 600 effective May 27, 2026, as part of broader corporate changes already outlined to investors, including a $15.00 per-share cash component and distribution of “New Enviri” shares. Recent filings and press releases highlighted shareholder approval and closing timelines. Investors may monitor completion of the Clean Earth sale, the spin-off mechanics, and how trading in “New Enviri” under ticker NVRI evolves after the transition.

Key Figures

Index effective date: May 27, 2026 Index name: S&P SmallCap 600

2 metrics

Index effective date May 27, 2026 Date NVRI exits S&P SmallCap 600

Index name S&P SmallCap 600 Target index for constituent changes

Historical Context

5 past events · Latest: May 20 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
May 20	Merger consideration update	Positive	+1.6%	Detailed sale and spin timing plus cash and share consideration terms.
May 11	Q1 2026 earnings	Positive	+4.2%	Reported Q1 results and reaffirmed 2026 Adjusted EBITDA outlook post-transactions.
May 06	Earnings call scheduling	Neutral	-0.2%	Announced timing and access details for Q1 2026 results and conference call.
May 06	Sustainability product tool	Positive	-0.8%	Launch of SteelPhalt Environmental Product Declaration tool for steel-slag asphalt.
May 04	Transaction approval	Positive	+1.2%	Shareholders approved Clean Earth sale and New Enviri spin-off plans.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent corporate and transaction-related news for NVRI has generally seen positive price alignment, with only one noted divergence where shares slipped on otherwise constructive operational news.

Recent Company History

Over the past month, Enviri has focused on portfolio reshaping and the creation of “New Enviri.” On May 4, 2026, shareholders approved the Clean Earth sale and planned spin-off, followed by operational and communications updates, including the SteelPhalt EPD tool and Q1 2026 results on May 11. An 8-K and related acquisition announcement on May 20 detailed merger consideration and spin timing. Today’s S&P SmallCap 600 removal notice intersects with this ongoing transformation and pending transactions.

Regulatory & Risk Context

Short Interest: 33.36%

Short Interest

33.36% of shares outstanding

as of 2026-05-29 Days to cover: 1.46

Key Terms

s&p smallcap 600, gics sector

2 terms

s&p smallcap 600 financial

"Effective Date | Index Name | Action | Company Name | Ticker | GICS Sector"

A stock market index made up of 600 small-cap U.S. companies chosen to represent the performance of smaller publicly traded firms. It matters to investors because it acts like a temperature gauge for the small-company segment of the market, serving as a benchmark for fund managers, a basis for index funds and ETFs, and a way to compare returns and risk when building a diversified portfolio.

gics sector technical

"Effective Date | Index Name | Action | Company Name | Ticker | GICS Sector"

GICS sector is one of the major industry groupings from the Global Industry Classification Standard, a system that sorts companies into consistent categories (like Technology or Health Care) based on the primary business they do. Investors use these sectors like folders in a filing cabinet to compare companies, build diversified portfolios, and track how whole parts of the market are performing rather than focusing on single stocks.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, May 21, 2026 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, May 27.

• Universal Technical Institute Inc. (NYSE: UTI) will replace Veris Residential Inc. (NYSE: VRE). Affinius Capital and Vista Hill Partners are acquiring Veris Residential in a deal expected to be completed soon, pending final closing conditions.
• Peloton Interactive Inc. (NASD: PTON) will replace Enviri Corp. (NYSE: NVRI). Enviri is spinning off certain operations and assets later this month into a new publicly traded company. Post spin-off, Veolia Environment SA will acquire the remaining parent entity. The new publicly traded company is not expected to be representative of the small-cap market space.

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
May 27, 2026	S&P SmallCap 600	Addition		Universal Technical Institute	UTI	Consumer Discretionary
May 27, 2026	S&P SmallCap 600	Deletion		Veris Residential	VRE	Real Estate
May 27, 2026	S&P SmallCap 600	Addition		Peloton Interactive	PTON	Consumer Discretionary
May 27, 2026	S&P SmallCap 600	Deletion		Enviri Corporation	NVRI	Industrials

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/universal-technical-institute-and-peloton-interactive-set-to-join-sp-smallcap-600-302779620.html

SOURCE S&P Dow Jones Indices

FAQ

What S&P SmallCap 600 changes involve Universal Technical Institute (UTI) on May 27, 2026?

Universal Technical Institute will be added to the S&P SmallCap 600 on May 27, 2026. According to S&P Dow Jones Indices, UTI will replace Veris Residential, which is being acquired by Affinius Capital and Vista Hill Partners.

How is Peloton Interactive (PTON) being added to the S&P SmallCap 600?

Peloton Interactive will join the S&P SmallCap 600 before trading opens on May 27, 2026. According to S&P Dow Jones Indices, PTON will replace Enviri, which is spinning off assets, with its parent then being acquired.

Why is Veris Residential (VRE) being removed from the S&P SmallCap 600?

Veris Residential will be deleted from the S&P SmallCap 600 on May 27, 2026. According to S&P Dow Jones Indices, Affinius Capital and Vista Hill Partners are acquiring Veris Residential, prompting its replacement by Universal Technical Institute.

Why is Enviri (NVRI) leaving the S&P SmallCap 600 index?

Enviri will be removed from the S&P SmallCap 600 effective May 27, 2026. According to S&P Dow Jones Indices, Enviri is spinning off operations, and Veolia Environment will acquire the remaining parent, which will no longer represent the small-cap market space.

What is the effective date for UTI and PTON joining the S&P SmallCap 600?

Both Universal Technical Institute and Peloton Interactive will join the S&P SmallCap 600 on May 27, 2026. According to S&P Dow Jones Indices, the changes take effect before the opening of trading that Wednesday.

Which sectors will UTI and PTON represent in the S&P SmallCap 600 index?

Universal Technical Institute and Peloton Interactive will both be classified in Consumer Discretionary within the S&P SmallCap 600. According to S&P Dow Jones Indices, these sector assignments apply from the May 27, 2026 effective date.