Simplify Health Care ETF (NYSEARCA:PINK) Sees Significant Increase in Short Interest

Simplify Health Care ETF (NYSEARCA:PINKGet Free Report) was the target of a large growth in short interest in 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. Approximately 1.7% of the company’s shares are sold short. Based on an average daily trading volume, of 67,736 shares, the short-interest ratio is presently 1.8 days.

Simplify Health Care ETF Price Performance

PINK traded down $0.11 during trading on Thursday, hitting $36.83. 638,780 shares of the stock traded hands, compared to its average volume of 138,401. The firm has a market capitalization of $256.71 million, a P/E ratio of 23.95 and a beta of 0.74. The firm has a 50-day moving average of $35.85 and a 200 day moving average of $36.06. Simplify Health Care ETF has a 12-month low of $28.32 and a 12-month high of $38.69.

Institutional Trading of Simplify Health Care ETF

Institutional investors have recently bought and sold shares of the company. JFS Wealth Advisors LLC purchased a new stake in Simplify Health Care ETF during the 3rd quarter valued at about $32,000. Stone House Investment Management LLC purchased a new stake in shares of Simplify Health Care ETF during the 4th quarter valued at about $37,000. TD Waterhouse Canada Inc. purchased a new stake in shares of Simplify Health Care ETF during the 4th quarter valued at about $54,000. Farther Finance Advisors LLC purchased a new stake in shares of Simplify Health Care ETF during the 4th quarter valued at about $57,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of Simplify Health Care ETF during the 4th quarter valued at about $86,000.

Simplify Health Care ETF Company Profile

(Get Free Report)

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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