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

Simplify Health Care ETF (NYSEARCA:PINK) saw a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 35,762 shares, a decrease of 74.5% from the June 15th total of 140,176 shares. Based on an average trading volume of 247,782 shares, the short-interest ratio is presently 0.1 days. Currently, 0.4% of the company’s stock are sold short.

Hedge Funds Weigh In On Simplify Health Care ETF

Several hedge funds and other institutional investors have recently bought and sold shares of PINK. Flow Traders U.S. LLC acquired a new stake in Simplify Health Care ETF during the 2nd quarter worth about $201,000. Raymond James Financial Inc. boosted its stake in shares of Simplify Health Care ETF by 13.7% in the second quarter. Raymond James Financial Inc. now owns 11,810 shares of the company’s stock worth $354,000 after buying an additional 1,420 shares during the last quarter. Ausdal Financial Partners Inc. boosted its stake in shares of Simplify Health Care ETF by 3.3% in the second quarter. Ausdal Financial Partners Inc. now owns 39,593 shares of the company’s stock worth $1,188,000 after buying an additional 1,268 shares during the last quarter. Thrivent Financial for Lutherans purchased a new stake in shares of Simplify Health Care ETF in the second quarter worth about $365,000. Finally, Susquehanna International Group LLP acquired a new stake in Simplify Health Care ETF during the third quarter worth about $669,000.

Simplify Health Care ETF Price Performance

Simplify Health Care ETF stock traded down $0.41 during midday trading on Friday, reaching $39.61. The company’s stock had a trading volume of 394,008 shares, compared to its average volume of 151,639. The stock has a market capitalization of $366.39 million, a P/E ratio of 23.95 and a beta of 0.73. The stock’s 50-day simple moving average is $37.54 and its 200-day simple moving average is $36.30. Simplify Health Care ETF has a 52-week low of $28.32 and a 52-week high of $40.41.

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.