Simplify Health Care ETF (NYSEARCA:PINK) Stock Short Interest Climbs 156.0%

Simplify Health Care ETF (NYSEARCA:PINK) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 56,364 shares, an increase of 156.0% from the September 30th total of 22,015 shares. Based on an average trading volume of 107,675 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.7% of the company’s stock are sold short.

Simplify Health Care ETF Stock Performance

Shares of NYSEARCA PINK opened at $40.85 on Friday. Simplify Health Care ETF has a fifty-two week low of $32.03 and a fifty-two week high of $40.85. The firm has a market capitalization of $336.20 million, a PE ratio of 23.95 and a beta of 0.73. The stock’s 50-day simple moving average is $39.05 and its 200-day simple moving average is $37.33.

Hedge Funds Weigh In On Simplify Health Care ETF

Hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC acquired a new stake in Simplify Health Care ETF during the second quarter worth approximately $107,000. Sigma Planning Corp lifted its position in shares of Simplify Health Care ETF by 4.9% during the 1st quarter. Sigma Planning Corp now owns 7,390 shares of the company’s stock worth $249,000 after buying an additional 347 shares during the last quarter. WESPAC Advisors LLC purchased a new stake in shares of Simplify Health Care ETF during the 3rd quarter worth approximately $428,000. Harmony Asset Management LLC lifted its position in shares of Simplify Health Care ETF by 156.1% during the 1st quarter. Harmony Asset Management LLC now owns 29,037 shares of the company’s stock worth $977,000 after buying an additional 17,699 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Simplify Health Care ETF by 2.5% in the 1st quarter. Royal Bank of Canada now owns 29,124 shares of the company’s stock valued at $980,000 after buying an additional 704 shares in the last quarter.

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.