Simplify Health Care ETF (NYSEARCA:PINK – Get Free Report) 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. Based on an average trading volume of 72,505 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.
Institutional Investors Weigh In On Simplify Health Care ETF
Institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its holdings in Simplify Health Care ETF by 2.5% during the first quarter. Royal Bank of Canada now owns 29,124 shares of the company’s stock worth $980,000 after acquiring an additional 704 shares during the period. Harmony Asset Management LLC grew its stake in shares of Simplify Health Care ETF by 156.1% during the 1st quarter. Harmony Asset Management LLC now owns 29,037 shares of the company’s stock valued at $977,000 after buying an additional 17,699 shares during the period. Sigma Planning Corp raised its stake in shares of Simplify Health Care ETF by 4.9% in the 1st quarter. Sigma Planning Corp now owns 7,390 shares of the company’s stock valued at $249,000 after acquiring an additional 347 shares during the period. Lee Danner & Bass Inc. boosted its stake in shares of Simplify Health Care ETF by 3.0% in the first quarter. Lee Danner & Bass Inc. now owns 165,477 shares of the company’s stock valued at $5,570,000 after purchasing an additional 4,825 shares during the period. Finally, Cambridge Advisors Inc. grew its holdings in Simplify Health Care ETF by 39.1% during the 1st quarter. Cambridge Advisors Inc. now owns 31,553 shares of the company’s stock worth $1,062,000 after acquiring an additional 8,867 shares in the last quarter.
Simplify Health Care ETF Stock Up 0.3%
NYSEARCA:PINK traded up $0.10 during midday trading on Friday, reaching $38.09. The stock had a trading volume of 75,544 shares, compared to its average volume of 140,257. Simplify Health Care ETF has a 12-month low of $28.05 and a 12-month high of $38.68. The stock has a market cap of $265.49 million, a P/E ratio of 23.95 and a beta of 0.72. The firm has a fifty day simple moving average of $35.11 and a two-hundred day simple moving average of $35.95.
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.
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