Why Shares of WSFS Financial Are Rising Today

Shares of WSFS Financial (NASDAQ: WSFS) were up by close to 14% around 11.15 a.m. today as the bank prepares to join the S&P SmallCap 600 Index.

WSFS will replace mining company Cleveland-Cliffs, which is joining the S&P MidCap 400 Index.

The S&P SmallCap 600 Index covers U.S. small-cap stocks with market capitalizations ranging from $700 million to $3.2 billion at the time the company is added to the index.

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Source Fool.com