Simplify Health Care ETF (NYSEARCA:PINK) Short Interest Update

Simplify Health Care ETF (NYSEARCA:PINK) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 9,450 shares, a drop of 68.1% from the April 30th total of 29,642 shares. Based on an average daily volume of 72,505 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Trading of Simplify Health Care ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. LPL Financial LLC raised its holdings in Simplify Health Care ETF by 163.2% during the 4th quarter. LPL Financial LLC now owns 905,040 shares of the company’s stock valued at $33,124,000 after buying an additional 561,199 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Simplify Health Care ETF by 7.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 666,796 shares of the company’s stock valued at $24,891,000 after acquiring an additional 43,412 shares in the last quarter. WCG Wealth Advisors LLC bought a new position in shares of Simplify Health Care ETF during the fourth quarter valued at approximately $18,406,000. Fourpath Capital Management LLC purchased a new stake in Simplify Health Care ETF in the fourth quarter worth $17,576,000. Finally, HighTower Advisors LLC lifted its stake in Simplify Health Care ETF by 31.3% in the fourth quarter. HighTower Advisors LLC now owns 383,578 shares of the company’s stock worth $14,039,000 after acquiring an additional 91,453 shares during the period.

Simplify Health Care ETF Price Performance

NYSEARCA PINK traded up $0.10 on Friday, reaching $38.09. 75,544 shares of the company’s stock traded hands, compared to its average volume of 140,257. Simplify Health Care ETF has a 12 month low of $28.05 and a 12 month high of $38.68. The stock has a 50-day simple moving average of $35.11 and a 200 day simple moving average of $35.95. The stock has a market cap of $265.49 million, a PE ratio of 23.95 and a beta of 0.72.

About Simplify Health Care ETF

The Simplify Health Care ETF (PINK) is an exchange-traded fund that mostly invests in health care equity. The fund is an actively managed fund of US healthcare stocks and\u002For ETFs. The fund seeks long-term capital growth and commits to donate its net profit, in the form of its annual management fee to the Susan G PINK was launched on Oct 7, 2021 and is managed by Simplify.