Simplify Health Care ETF (NYSEARCA:PINK) Sees Significant Growth in Short Interest

by · The Markets Daily

Simplify Health Care ETF (NYSEARCA:PINK – Get Free Report) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 22,015 shares, an increase of 54.8% from the September 15th total of 14,220 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 72,162 shares, the short-interest ratio is presently 0.3 days.

Simplify Health Care ETF Stock Performance

Shares of PINK stock traded down $0.73 during trading hours on Friday, hitting $38.12. 47,681 shares of the company were exchanged, compared to its average volume of 126,920. Simplify Health Care ETF has a one year low of $32.03 and a one year high of $40.63. The business’s 50-day simple moving average is $39.08 and its two-hundred day simple moving average is $37.82. The stock has a market capitalization of $315.25 million, a price-to-earnings ratio of 23.95 and a beta of 0.73.

Institutional Trading of Simplify Health Care ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC acquired a new stake in Simplify Health Care ETF during the second quarter valued at approximately $10,803,000. Lee Danner & Bass Inc. lifted its holdings in Simplify Health Care ETF by 3.0% during the 1st quarter. Lee Danner & Bass Inc. now owns 165,477 shares of the company’s stock worth $5,570,000 after buying an additional 4,825 shares during the last quarter. SBE LLC DBA Cedar Cove Wealth Partners grew its position in shares of Simplify Health Care ETF by 1.0% in the 3rd quarter. SBE LLC DBA Cedar Cove Wealth Partners now owns 113,811 shares of the company’s stock worth $4,393,000 after acquiring an additional 1,131 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Simplify Health Care ETF by 36.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 31,724 shares of the company’s stock worth $1,242,000 after acquiring an additional 8,539 shares in the last quarter. Finally, Cambridge Advisors Inc. grew its position in shares of Simplify Health Care ETF by 39.1% in the 1st quarter. Cambridge Advisors Inc. now owns 31,553 shares of the company’s stock worth $1,062,000 after acquiring an additional 8,867 shares in the last quarter.

About Simplify Health Care ETF

(Get Free Report)

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.

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