Simplify Health Care ETF (NYSEARCA:PINK) Short Interest Up 1,185.9% in May

Simplify Health Care ETF (NYSEARCA:PINK) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 121,520 shares, a growth of 1,185.9% from the May 14th total of 9,450 shares. Based on an average daily trading volume, of 67,736 shares, the short-interest ratio is currently 1.8 days. Approximately 1.7% of the shares of the company are sold short.

Institutional Investors Weigh In On Simplify Health Care ETF

A number of hedge funds have recently made changes to their positions in PINK. JFS Wealth Advisors LLC bought a new position in Simplify Health Care ETF in the 3rd quarter worth approximately $32,000. Stone House Investment Management LLC acquired a new position in Simplify Health Care ETF during the 4th quarter worth $37,000. TD Waterhouse Canada Inc. bought a new position in shares of Simplify Health Care ETF in the fourth quarter worth $54,000. Farther Finance Advisors LLC bought a new stake in shares of Simplify Health Care ETF during the fourth quarter valued at about $57,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in Simplify Health Care ETF in the fourth quarter worth about $86,000.

Simplify Health Care ETF Stock Performance

Shares of Simplify Health Care ETF stock traded down $0.63 during trading on Wednesday, hitting $36.92. 57,561 shares of the stock were exchanged, compared to its average volume of 133,902. Simplify Health Care ETF has a 12 month low of $28.32 and a 12 month high of $38.69. The stock’s fifty day moving average is $35.77 and its 200 day moving average is $36.06. The stock has a market cap of $257.33 million, a PE ratio of 23.95 and a beta of 0.74.

About Simplify Health Care ETF

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.