Simplify Health Care ETF (NYSEARCA:PINK) Shares Shorted: Short Interest Up 54.8% in September

Simplify Health Care ETF (NYSEARCA:PINK) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 22,015 shares, a growth of 54.8% from the September 15th total of 14,220 shares. Based on an average daily volume of 72,162 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the shares of the stock are short sold.

Simplify Health Care ETF Stock Down 1.8%

PINK traded down $0.69 during trading on Friday, hitting $38.16. The company’s stock had a trading volume of 32,574 shares, compared to its average volume of 126,840. The stock has a market capitalization of $315.62 million, a price-to-earnings ratio of 23.95 and a beta of 0.73. The firm’s 50 day moving average price is $39.12 and its two-hundred day moving average price is $37.82. Simplify Health Care ETF has a 12 month low of $32.03 and a 12 month high of $40.63.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PINK. Integrated Wealth Concepts LLC bought a new position in Simplify Health Care ETF in the 2nd quarter worth approximately $107,000. Sigma Planning Corp raised its position in shares of Simplify Health Care ETF by 4.9% during the first quarter. Sigma Planning Corp now owns 7,390 shares of the company’s stock worth $249,000 after acquiring an additional 347 shares during the last quarter. Harmony Asset Management LLC raised its position in shares of Simplify Health Care ETF by 156.1% during the first quarter. Harmony Asset Management LLC now owns 29,037 shares of the company’s stock worth $977,000 after acquiring an additional 17,699 shares during the last quarter. Royal Bank of Canada raised its position in shares of Simplify Health Care ETF by 2.5% during the first quarter. Royal Bank of Canada now owns 29,124 shares of the company’s stock worth $980,000 after acquiring an additional 704 shares during the last quarter. Finally, Cambridge Advisors Inc. lifted its stake in shares of Simplify Health Care ETF by 39.1% during the first quarter. Cambridge Advisors Inc. now owns 31,553 shares of the company’s stock valued at $1,062,000 after acquiring an additional 8,867 shares during the period.

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.