s & p removal, stock going up ??

  1. 108 Posts.
    Hi, can any one please tell me why is that today when some stocks being removed from S & P their stock going up instead ?

    while i can understand that by removed from S & P fund manager no longer have to dedicate funds to them which add liquidity to stocks were tightly control by major share holders such as fund manager.

    are there any other reason besides that which drives them up today ?

    BLY ELD CER GMG FXJ up^

    VPG HFA NWH down

    thanks
 
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