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From staff reports
Sioux Falls-based Meta Financial Group Inc. is being added to the S&P SmallCap 600 Index.
The company, which trades on Nasdaq under the ticker symbol CASH, will be added after the close of business Sept. 15.
The S&P 600 is an index offered by S&P Dow Jones Indices that’s designed to measure the small-cap segment of the U.S. equity market.
“We are happy for this new opportunity to be added to the S&P SmallCap 600 index,” said Tyler Haahr, chairman and CEO of Meta Financial Group. “This is a positive development for us and is the result of the profitable growth we have seen over the last few years.”
The research firm Keefe, Bruyette & Woods estimates that S&P 600 index funds will need to purchase 516,000 shares of Meta. The stock’s one-month average daily trading volume is 66,000 shares.
Meta stock was up 11 percent, or $7.65 per share, in trading Monday after the news came out.
Tomorrow is forecast to be nearly the same temperature as today. Snow showers possible.
Monday 01/21 50%
High 21° / Low 17°
Snow showers. Lows overnight in the upper teens.
Tuesday 01/22 40%
High 20° / Low 3°
Variably cloudy with snow showers. High near 20F. Winds N at 15 to 25 mph. Chance of snow 40%. About one inch of snow expected.
Wednesday 01/23 10%
High 26° / Low 2°
Partly cloudy skies. High 26F. Winds SW at 5 to 10 mph.
Meta Financial Group Inc. is being added S&P SmallCap 600 Index.
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