Simplify Health Care ETF (NYSEARCA:PINK) Short Interest Update

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

Institutional Trading of Simplify Health Care ETF

Hedge funds have recently modified their holdings of the business. Flagship Private Wealth LLC purchased a new stake in shares of Simplify Health Care ETF in the 4th quarter worth about $1,638,000. Thrivent Financial for Lutherans lifted its position in Simplify Health Care ETF by 24.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 87,112 shares of the company’s stock valued at $3,205,000 after acquiring an additional 17,248 shares during the period. Primoris Wealth Advisors LLC boosted its stake in Simplify Health Care ETF by 314.3% during the fourth quarter. Primoris Wealth Advisors LLC now owns 86,075 shares of the company’s stock worth $3,150,000 after acquiring an additional 65,300 shares in the last quarter. Harmony Asset Management LLC boosted its stake in Simplify Health Care ETF by 156.1% during the first quarter. Harmony Asset Management LLC now owns 29,037 shares of the company’s stock worth $977,000 after acquiring an additional 17,699 shares in the last quarter. Finally, Cibc World Market Inc. grew 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 during the period.

Simplify Health Care ETF Stock Performance

Shares of NYSEARCA PINK traded down $0.62 during mid-day trading on Friday, hitting $39.37. 28,067 shares of the stock traded hands, compared to its average volume of 135,716. The company has a market cap of $381.10 million, a price-to-earnings ratio of 23.95 and a beta of 0.73. The stock has a fifty day moving average price of $39.38 and a 200-day moving average price of $36.88. Simplify Health Care ETF has a 52 week low of $30.06 and a 52 week high of $40.63.

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.