Simplify Health Care ETF (NYSEARCA:PINK – Get Free Report) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 22,015 shares, a growth of 54.8% from the September 15th total of 14,220 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 72,162 shares, the days-to-cover ratio is presently 0.3 days.
Simplify Health Care ETF Stock Performance
Simplify Health Care ETF stock traded down $0.69 during trading hours on Friday, reaching $38.16. 32,574 shares of the company’s stock traded hands, compared to its average volume of 126,840. Simplify Health Care ETF has a fifty-two week low of $32.03 and a fifty-two week high of $40.63. The firm has a market capitalization of $315.62 million, a price-to-earnings ratio of 23.95 and a beta of 0.73. The firm’s 50 day moving average is $39.12 and its 200-day moving average is $37.82.
Institutional Investors Weigh In On Simplify Health Care ETF
A number of institutional investors and hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC acquired a new stake in Simplify Health Care ETF during the 2nd quarter worth $10,803,000. Harmony Asset Management LLC lifted its stake in shares of Simplify Health Care ETF by 156.1% in the 1st quarter. Harmony Asset Management LLC now owns 29,037 shares of the company’s stock valued at $977,000 after purchasing an additional 17,699 shares during the period. Lee Danner & Bass Inc. lifted its stake in shares of Simplify Health Care ETF by 3.0% in the 1st 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. Cambridge Advisors Inc. lifted its stake in shares of Simplify Health Care ETF by 39.1% in the 1st quarter. Cambridge Advisors Inc. now owns 31,553 shares of the company’s stock valued at $1,062,000 after purchasing an additional 8,867 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in shares of Simplify Health Care ETF by 36.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 31,724 shares of the company’s stock worth $1,242,000 after purchasing an additional 8,539 shares during 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.
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