BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Short Interest Up 6.0% in January

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 8,800 shares, a growth of 6.0% from the January 15th total of 8,300 shares. Based on an average daily trading volume, of 74,000 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On BrightSpring Health Services

Institutional investors have recently modified their holdings of the company. Van ECK Associates Corp lifted its position in BrightSpring Health Services by 1.6% during the 3rd quarter. Van ECK Associates Corp now owns 323,854 shares of the company’s stock worth $19,059,000 after acquiring an additional 4,947 shares in the last quarter. BlueCrest Capital Management Ltd lifted its position 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 worth $3,135,000 after purchasing an additional 49,302 shares during the last quarter. State Street Corp increased its holdings in BrightSpring Health Services by 7.0% in the third quarter. State Street Corp now owns 123,000 shares of the company’s stock valued at $6,931,000 after buying an additional 8,000 shares during the last quarter. Aequim Alternative Investments LP raised its position in shares of BrightSpring Health Services by 381.2% during the 3rd quarter. Aequim Alternative Investments LP now owns 481,221 shares of the company’s stock valued at $26,823,000 after acquiring an additional 381,221 shares in the last quarter. Finally, Wolverine Asset Management LLC lifted its stake in BrightSpring Health Services by 13.8% during the fourth quarter. Wolverine Asset Management LLC now owns 208,978 shares of the company’s stock worth $13,082,000 after purchasing an additional 25,368 shares during the last quarter.

BrightSpring Health Services Stock Up 1.5 %

Shares of BTSGU stock traded up $1.16 during trading hours on Monday, hitting $78.82. The company’s stock had a trading volume of 2,496 shares, compared to its average volume of 44,300. The business has a fifty day moving average of $70.85 and a 200-day moving average of $62.33. BrightSpring Health Services has a twelve month low of $34.55 and a twelve month high of $89.00.

BrightSpring Health Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, February 1st. Stockholders of record on Wednesday, January 15th were issued a $0.8438 dividend. The ex-dividend date was Wednesday, January 15th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 4.28%.

BrightSpring Health Services Company Profile

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.