BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Short Interest Up 81.8% in December

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 6,000 shares, a growth of 81.8% from the December 15th total of 3,300 shares. Based on an average daily volume of 79,700 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of BrightSpring Health Services

Institutional investors and hedge funds have recently made changes to their positions in the company. Aequim Alternative Investments LP grew its stake in shares of BrightSpring Health Services by 381.2% during the third quarter. Aequim Alternative Investments LP now owns 481,221 shares of the company’s stock worth $26,823,000 after acquiring an additional 381,221 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in BrightSpring Health Services in the 2nd quarter worth $11,768,000. BlueCrest Capital Management Ltd raised its stake in shares of BrightSpring Health Services by 710.2% in the third quarter. BlueCrest Capital Management Ltd now owns 56,244 shares of the company’s stock worth $3,135,000 after purchasing an additional 49,302 shares during the last quarter. Bank of Montreal Can purchased a new stake in BrightSpring Health Services in the second quarter valued at approximately $1,694,000. Finally, Highbridge Capital Management LLC increased its stake in shares of BrightSpring Health Services by 3.7% in the second quarter. Highbridge Capital Management LLC now owns 302,705 shares of the company’s stock worth $14,248,000 after acquiring an additional 10,899 shares during the period.

BrightSpring Health Services Price Performance

BTSGU traded up $0.81 during trading hours on Tuesday, reaching $64.47. 706 shares of the company’s stock traded hands, compared to its average volume of 32,013. The firm has a 50-day moving average price of $66.72 and a 200 day moving average price of $56.95. BrightSpring Health Services has a 52-week low of $34.55 and a 52-week high of $72.66.

BrightSpring Health Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.8438 per share. This represents a $3.38 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date of this dividend is Wednesday, January 15th.

About BrightSpring Health Services

BrightSpring Health Services, Inc operates a home and community-based healthcare services platform in the United States. The company's platform focuses on delivering pharmacy and provider services, including clinical and supportive care in home and community settings to Medicare, Medicaid, and insured populations.