Short Interest in Simplify Health Care ETF (NYSEARCA:PINK) Declines By 68.1%

Simplify Health Care ETF (NYSEARCA:PINK) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 9,450 shares, a decrease of 68.1% from the April 30th total of 29,642 shares. Based on an average daily trading volume, of 72,505 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Simplify Health Care ETF Stock Performance

Simplify Health Care ETF stock opened at $38.09 on Monday. Simplify Health Care ETF has a fifty-two week low of $28.05 and a fifty-two week high of $38.68. The firm’s fifty day moving average price is $35.11 and its 200-day moving average price is $35.96. The stock has a market cap of $265.49 million, a P/E ratio of 23.95 and a beta of 0.72.

Hedge Funds Weigh In On Simplify Health Care ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Flow Traders U.S. LLC purchased a new stake in Simplify Health Care ETF during the 2nd quarter valued at about $201,000. Raymond James Financial Inc. lifted its position in Simplify Health Care ETF by 13.7% in the second quarter. Raymond James Financial Inc. now owns 11,810 shares of the company’s stock valued at $354,000 after purchasing an additional 1,420 shares during the last quarter. Ausdal Financial Partners Inc. boosted its stake in shares of Simplify Health Care ETF by 3.3% during the second quarter. Ausdal Financial Partners Inc. now owns 39,593 shares of the company’s stock valued at $1,188,000 after purchasing an additional 1,268 shares during the period. Thrivent Financial for Lutherans purchased a new stake in shares of Simplify Health Care ETF during the second quarter valued at approximately $365,000. Finally, Mutual Advisors LLC bought a new position in shares of Simplify Health Care ETF in the third quarter worth approximately $412,000.

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.