Benzinga | Jun 11, 2021 07:53AM EDT

Callaway Golf Set To Enter S&P Midcap 400 Index

* Callaway Golf Co (NYSE:ELY) is set to replace GrubHub Inc (NYSE:GRUB) in the S&P MidCap 400.

* The S&P MidCap 400 index comprises 400 companies with midrange market capitalization, between $200 million and $5 billion.

* Callaway's addition comes after the British-Dutch company online food ordering company, Just Eat Takeaway.com NV (OTC:TKAYF), agreed to acquire GrubHub.

* Callaway's market cap stands at $5.35 billion as of Thursday's close.

* Price Action: ELY shares are trading lower by 4.28% at $33.75 in premarket trading on last check Friday.