Simplify Health Care ETF (NYSEARCA:PINK) Stock Short Interest Climbs 46.4%

Simplify Health Care ETF (NYSEARCA:PINK) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 14,220 shares, an increase of 46.4% from the August 31st total of 9,710 shares. Based on an average trading volume of 76,595 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s shares are short sold.

Hedge Funds Weigh In On Simplify Health Care ETF

Hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new stake in shares of Simplify Health Care ETF in the second quarter worth $107,000. Sigma Planning Corp boosted its holdings in Simplify Health Care ETF by 4.9% in the first quarter. Sigma Planning Corp now owns 7,390 shares of the company’s stock valued at $249,000 after purchasing an additional 347 shares during the last quarter. Essex Financial Services Inc. acquired a new stake in Simplify Health Care ETF during the 4th quarter worth about $496,000. Harmony Asset Management LLC raised its stake in shares of Simplify Health Care ETF by 156.1% during the 1st quarter. Harmony Asset Management LLC now owns 29,037 shares of the company’s stock valued at $977,000 after buying an additional 17,699 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Simplify Health Care ETF by 2.5% during the 1st quarter. Royal Bank of Canada now owns 29,124 shares of the company’s stock valued at $980,000 after buying an additional 704 shares during the last quarter.

Simplify Health Care ETF Stock Performance

Simplify Health Care ETF stock traded down $0.42 during trading hours on Thursday, hitting $38.18. The company had a trading volume of 44,825 shares, compared to its average volume of 128,033. The firm has a market cap of $346.29 million, a P/E ratio of 23.95 and a beta of 0.73. Simplify Health Care ETF has a 1 year low of $32.03 and a 1 year high of $40.63. The company has a 50-day moving average price of $39.36 and a two-hundred day moving average price of $37.46.

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.