MSG Rangers and Huron Consulting to Join S&P SmallCap 600; Arbor Realty Removed

Key Facts

1MSG Rangers Inc. will be added to the S&P SmallCap 600 effective prior to the opening of trading on October 27, 2026.

2Arbor Realty Trust will be removed from the S&P SmallCap 600 effective prior to the opening of trading on October 28.

3The changes follow the spin-off of MSG Rangers from Madison Square Garden Sports Corp.

MSG Rangers Inc. will be added to the S&P SmallCap 600 effective prior to the opening of trading on October 27, 2026, PR Newswire reported. The inclusion follows the spin-off of MSG Rangers from Madison Square Garden Sports Corp, while Arbor Realty Trust is scheduled to be removed from the index effective October 28, 2026.

MSGS closed at $412.37 on October 21, 2026, and HURN closed at $183.32 on the same date ahead of its inclusion. Conversely, the departing ABR closed at $2.9 on October 21, 2026, as S&P Dow Jones Indices implements these structural changes to its small-cap benchmark.

The Federal Reserve interest rate decision is scheduled for October 28, 2026, coinciding with the effective date of Arbor Realty Trust's removal from the index.