Simplify Health Care ETF (NYSEARCA:PINK) Sees Large Increase in Short Interest

Simplify Health Care ETF (NYSEARCA:PINK) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 121,520 shares, a growth of 1,185.9% from the May 14th total of 9,450 shares. Approximately 1.7% of the company’s shares are sold short. Based on an average daily trading volume, of 67,736 shares, the days-to-cover ratio is presently 1.8 days.

Simplify Health Care ETF Price Performance

Shares of PINK stock traded up $0.20 on Tuesday, hitting $37.55. The stock had a trading volume of 53,820 shares, compared to its average volume of 134,620. The firm has a market capitalization of $261.72 million, a P/E ratio of 23.95 and a beta of 0.74. Simplify Health Care ETF has a 1 year low of $28.32 and a 1 year high of $38.69. The company’s 50 day moving average price is $35.77 and its 200-day moving average price is $36.06.

Institutional Investors Weigh In On Simplify Health Care ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. Fourpath Capital Management LLC acquired a new position in Simplify Health Care ETF during the 4th quarter worth $17,576,000. Thrivent Financial for Lutherans lifted its holdings in shares of Simplify Health Care ETF by 475.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 69,864 shares of the company’s stock valued at $2,215,000 after purchasing an additional 57,713 shares during the last quarter. Flagship Private Wealth LLC purchased a new stake in shares of Simplify Health Care ETF in the 4th quarter valued at about $1,638,000. HighTower Advisors LLC lifted its holdings in shares of Simplify Health Care ETF by 68.0% in the 3rd quarter. HighTower Advisors LLC now owns 292,125 shares of the company’s stock valued at $9,263,000 after purchasing an additional 118,226 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Simplify Health Care ETF by 7.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 666,796 shares of the company’s stock valued at $24,891,000 after purchasing an additional 43,412 shares during the last quarter.

Simplify Health Care ETF Company Profile

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.