BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Short Interest Update

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) was the target of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 2,800 shares, a decline of 46.2% from the October 31st total of 5,200 shares. Based on an average trading volume of 79,900 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On BrightSpring Health Services

Institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC purchased a new position in BrightSpring Health Services in the first quarter worth about $21,425,000. Aequim Alternative Investments LP increased its position in shares of BrightSpring Health Services by 381.2% during the 3rd quarter. Aequim Alternative Investments LP now owns 481,221 shares of the company’s stock valued at $26,823,000 after purchasing an additional 381,221 shares during the last quarter. Van ECK Associates Corp raised its holdings in BrightSpring Health Services by 1.6% during the 3rd quarter. Van ECK Associates Corp now owns 323,854 shares of the company’s stock valued at $19,059,000 after buying an additional 4,947 shares during the period. Highbridge Capital Management LLC boosted its stake in BrightSpring Health Services by 3.7% during the second quarter. Highbridge Capital Management LLC now owns 302,705 shares of the company’s stock worth $14,248,000 after buying an additional 10,899 shares during the period. Finally, Calamos Advisors LLC increased its position in BrightSpring Health Services by 51.0% during the second quarter. Calamos Advisors LLC now owns 301,985 shares of the company’s stock valued at $14,214,000 after acquiring an additional 101,985 shares during the last quarter.

BrightSpring Health Services Stock Up 1.6 %

Shares of BTSGU traded up $1.09 during mid-day trading on Thursday, hitting $69.15. 131,686 shares of the stock were exchanged, compared to its average volume of 84,008. The firm has a 50-day moving average of $61.82 and a two-hundred day moving average of $52.18. BrightSpring Health Services has a 52-week low of $34.55 and a 52-week high of $72.66.

BrightSpring Health Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th were given a dividend of $0.8438 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $3.38 annualized dividend and a yield of 4.88%.

BrightSpring Health Services Company Profile

BrightSpring Health Services, Inc operates a home and community-based healthcare services platform in the United States. The company's platform focuses on delivering pharmacy and provider services, including clinical and supportive care in home and community settings to Medicare, Medicaid, and insured populations.