BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Short Interest Down 27.6% in February

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) saw a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 6,300 shares, a drop of 27.6% from the February 13th total of 8,700 shares. Based on an average daily volume of 72,700 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On BrightSpring Health Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BTSGU. State Street Corp increased its holdings in BrightSpring Health Services by 7.0% during the 3rd quarter. State Street Corp now owns 123,000 shares of the company’s stock valued at $6,931,000 after purchasing an additional 8,000 shares during the period. Wolverine Asset Management LLC grew its position in shares of BrightSpring Health Services by 13.8% in the 4th quarter. Wolverine Asset Management LLC now owns 208,978 shares of the company’s stock worth $13,082,000 after buying an additional 25,368 shares during the last quarter. Aequim Alternative Investments LP increased its stake in shares of BrightSpring Health Services by 381.2% during the third quarter. Aequim Alternative Investments LP now owns 481,221 shares of the company’s stock valued at $26,823,000 after buying an additional 381,221 shares during the period. BlueCrest Capital Management Ltd increased its stake in shares of BrightSpring Health Services by 710.2% during the third quarter. BlueCrest Capital Management Ltd now owns 56,244 shares of the company’s stock valued at $3,135,000 after buying an additional 49,302 shares during the period. Finally, D. E. Shaw & Co. Inc. raised its holdings in shares of BrightSpring Health Services by 149.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 960,000 shares of the company’s stock valued at $60,509,000 after acquiring an additional 575,000 shares in the last quarter.

BrightSpring Health Services Price Performance

NASDAQ BTSGU opened at $64.65 on Monday. BrightSpring Health Services has a 1-year low of $37.15 and a 1-year high of $89.00. The stock has a 50-day moving average of $71.90 and a 200-day moving average of $65.08.

BrightSpring Health Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, February 1st. Investors of record on Wednesday, January 15th were paid a $0.8438 dividend. This represents a $3.38 annualized dividend and a dividend yield of 5.22%. The ex-dividend date was Wednesday, January 15th.

About BrightSpring Health Services

BrightSpring Health Services, Inc operates a home and community-based healthcare services platform in the United States. The company's platform focuses on delivering pharmacy and provider services, including clinical and supportive care in home and community settings to Medicare, Medicaid, and insured populations.