Another Spin, Another Index Change- CareTrust REIT To Join Parent Ensign Group In S&P SmallCap 600

Following up on last week’s slew of index changes, another spin off resulted in another index change yesterday. The Ensign Group(ENSG) completed its spin off of CareTrust REIT(CTREV) after yesterday’s close. Subsequent to the spin, CareTrust joined its former parent in the S&P SmallCap 600, pushing out struggling insurer Tower Group International(TWGP). Given that both stocks are in… Read More »