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

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

Hedge Funds Weigh In On Simplify Health Care ETF

Hedge funds have recently modified their holdings of the stock. WCG Wealth Advisors LLC acquired a new stake in shares of Simplify Health Care ETF during the 4th quarter valued at about $18,406,000. NewEdge Advisors LLC acquired a new stake in shares of Simplify Health Care ETF in the 2nd quarter valued at $10,803,000. Cibc World Market Inc. boosted its holdings 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 worth $7,785,000 after purchasing an additional 42,958 shares in the last quarter. Lee Danner & Bass Inc. increased its position in 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 worth $5,570,000 after buying an additional 4,825 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Simplify Health Care ETF by 36.8% during the second quarter. Envestnet Asset Management Inc. now owns 31,724 shares of the company’s stock valued at $1,242,000 after buying an additional 8,539 shares in the last quarter.

Simplify Health Care ETF Stock Down 1.1%

Shares of Simplify Health Care ETF stock traded down $0.42 during midday trading on Thursday, hitting $38.18. The company’s stock had a trading volume of 44,825 shares, compared to its average volume of 128,033. Simplify Health Care ETF has a 1-year low of $32.03 and a 1-year high of $40.63. The firm has a market capitalization of $346.29 million, a P/E ratio of 23.95 and a beta of 0.73. The stock has a 50-day simple moving average of $39.36 and a 200-day simple moving average 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.