Simplify Health Care ETF (NYSEARCA:PINK) Short Interest Down 66.4% in August

Simplify Health Care ETF (NYSEARCA:PINK) was the recipient of a large decrease in short interest in August. As of August 14th, there was short interest totaling 8,374 shares, a decrease of 66.4% from the July 30th total of 24,929 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 73,082 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Simplify Health Care ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. LPL Financial LLC boosted its position in shares of Simplify Health Care ETF by 163.2% during the 4th quarter. LPL Financial LLC now owns 905,040 shares of the company’s stock worth $33,124,000 after purchasing an additional 561,199 shares in the last quarter. WCG Wealth Advisors LLC bought a new position in Simplify Health Care ETF in the fourth quarter worth approximately $18,406,000. HighTower Advisors LLC grew its stake in Simplify Health Care ETF by 31.3% in the fourth quarter. HighTower Advisors LLC now owns 383,578 shares of the company’s stock valued at $14,039,000 after acquiring an additional 91,453 shares during the period. Cibc World Market Inc. grew its stake in Simplify Health Care ETF by 25.3% in the fourth quarter. Cibc World Market Inc. now owns 212,708 shares of the company’s stock valued at $7,785,000 after acquiring an additional 42,958 shares during the period. Finally, Lee Danner & Bass Inc. increased its holdings in shares of Simplify Health Care ETF by 3.0% during the first quarter. Lee Danner & Bass Inc. now owns 165,477 shares of the company’s stock valued at $5,570,000 after acquiring an additional 4,825 shares in the last quarter.

Simplify Health Care ETF Stock Down 1.6%

Simplify Health Care ETF stock opened at $39.37 on Friday. Simplify Health Care ETF has a 12-month low of $30.06 and a 12-month high of $40.63. The firm’s fifty day moving average is $39.38 and its 200 day moving average is $36.88. The company has a market capitalization of $381.10 million, a PE ratio of 23.95 and a beta of 0.73.

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.