Five9 to Join S&P SmallCap 600 Index
Five9, Inc. (NASDAQ: FIVN), a provider of cloud contact center software, will replace Two Harbors Investment Corp. in the S&P SmallCap 600 index effective prior to the start of trading on Monday, August 3.
Five9, Inc. (NASDAQ: FIVN), a provider of cloud contact center solutions, is set to be added to the S&P SmallCap 600 index. The company will replace Two Harbors Investment Corp. before the market opens on Monday, August 3.
The index change was announced by S&P Dow Jones Indices. The S&P SmallCap 600 consists of companies with small market capitalization, and additions and deletions are made based on specific criteria, including market value and liquidity.
Two Harbors Investment Corp. will be removed from the index as it is being acquired by CrossCountry Mortgage, LLC. Such corporate transactions are a common reason for adjustments to index compositions.
Five9 offers cloud-based software that enables businesses to manage customer interactions across various channels. Inclusion in the S&P SmallCap 600 may increase the company's visibility among investors tracking this segment of the market.