8x8, Universal Insurance to join S&P SmallCap 600, Knowles to MidCap 400

|By:, SA News Editor

8x8 Inc. (EGHT) +4.8% premarket and Universal Insurance (UVE) +2.7% as the companies are selected to join the S&P SmallCap 600 after the close of trading Feb. 28; EGHT and UVE will replace Prospect Capital (PSEC) and Avid Technology (AVID), respectively.

Also, Knowles Corp. will be added to the S&P MidCap 400 as it is spun off from S&P 500 constituent Dover (DOV) to shareholders, effective after the close of trading Feb. 28; DOV will remain in the S&P 500 after the spinoff; Knowles, which will use the ticker symbol KN, is replacing Apollo Investment (AINV).