Simplify Health Care ETF (NYSEARCA:PINK – Get Free Report) was the target of a large growth in short interest during 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 volume of 67,736 shares, the short-interest ratio is currently 1.8 days. Currently, 1.7% of the shares of the company are short sold.
Simplify Health Care ETF Trading Up 0.5%
Shares of Simplify Health Care ETF stock traded up $0.20 on Tuesday, hitting $37.55. The stock had a trading volume of 53,820 shares, compared to its average volume of 134,620. Simplify Health Care ETF has a 52-week low of $28.32 and a 52-week high of $38.69. The stock has a market cap of $261.72 million, a price-to-earnings ratio of 23.95 and a beta of 0.74. The company’s 50 day moving average price is $35.77 and its 200 day moving average price is $36.06.
Hedge Funds Weigh In On Simplify Health Care ETF
A number of large investors have recently modified their holdings of the business. LPL Financial LLC grew its holdings in shares of 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 acquiring an additional 561,199 shares during the period. WCG Wealth Advisors LLC acquired a new stake in shares of Simplify Health Care ETF in the 4th quarter worth approximately $18,406,000. Fourpath Capital Management LLC acquired a new stake in shares of Simplify Health Care ETF in the 4th quarter worth approximately $17,576,000. HighTower Advisors LLC grew its holdings in shares of Simplify Health Care ETF by 68.0% in the 3rd quarter. HighTower Advisors LLC now owns 292,125 shares of the company’s stock worth $9,263,000 after acquiring an additional 118,226 shares during the period. Finally, SBE LLC DBA Cedar Cove Wealth Partners acquired a new stake in Simplify Health Care ETF during the 4th quarter valued at $3,957,000.
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.
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