Simplify Health Care ETF (NYSEARCA:PINK) Sees Large Decrease in Short Interest

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

Simplify Health Care ETF Trading Down 1.6%

Shares of PINK stock traded down $0.62 during trading hours on Friday, reaching $39.37. The company’s stock had a trading volume of 28,067 shares, compared to its average volume of 135,716. The stock has a market capitalization of $381.10 million, a P/E ratio of 23.95 and a beta of 0.73. Simplify Health Care ETF has a one year low of $30.06 and a one year high of $40.63. The firm’s fifty day simple moving average is $39.38 and its 200 day simple moving average is $36.88.

Institutional Trading of Simplify Health Care ETF

Several large investors have recently added to or reduced their stakes in the stock. LPL Financial LLC raised its holdings in Simplify Health Care ETF by 163.2% in the 4th quarter. LPL Financial LLC now owns 905,040 shares of the company’s stock worth $33,124,000 after purchasing an additional 561,199 shares in the last quarter. WCG Wealth Advisors LLC bought a new stake in shares of Simplify Health Care ETF during the 4th quarter valued at about $18,406,000. SBE LLC DBA Cedar Cove Wealth Partners purchased a new position in shares of Simplify Health Care ETF during the fourth quarter valued at about $3,957,000. HighTower Advisors LLC increased its position in shares of Simplify Health Care ETF by 31.3% during the fourth quarter. HighTower Advisors LLC now owns 383,578 shares of the company’s stock valued at $14,039,000 after buying an additional 91,453 shares during the period. Finally, Stifel Financial Corp bought a new position in Simplify Health Care ETF in the fourth quarter worth about $2,682,000.

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.