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

Simplify Health Care ETF (NYSEARCA:PINK) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 9,450 shares, a drop of 68.1% from the April 30th total of 29,642 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 72,505 shares, the short-interest ratio is presently 0.1 days.

Simplify Health Care ETF Stock Up 0.3%

PINK stock traded up $0.10 during trading on Friday, hitting $38.09. The company had a trading volume of 75,544 shares, compared to its average volume of 140,257. The firm has a market capitalization of $265.49 million, a P/E ratio of 23.95 and a beta of 0.72. Simplify Health Care ETF has a 52-week low of $28.05 and a 52-week high of $38.68. The company has a 50 day simple moving average of $35.11 and a 200-day simple moving average of $35.96.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LPL Financial LLC grew its holdings in 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 acquiring an additional 561,199 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Simplify Health Care ETF by 7.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 666,796 shares of the company’s stock worth $24,891,000 after acquiring an additional 43,412 shares in the last quarter. WCG Wealth Advisors LLC bought a new position in Simplify Health Care ETF during the 4th quarter worth about $18,406,000. Fourpath Capital Management LLC bought a new position in Simplify Health Care ETF during the 4th quarter worth about $17,576,000. Finally, HighTower Advisors LLC grew its holdings in Simplify Health Care ETF by 31.3% during the 4th quarter. HighTower Advisors LLC now owns 383,578 shares of the company’s stock worth $14,039,000 after acquiring an additional 91,453 shares in the last quarter.

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.