Simplify Health Care ETF (NYSEARCA:PINK) Short Interest Update
by Tristan Rich · The Markets DailySimplify Health Care ETF (NYSEARCA:PINK – Get Free Report) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 35,762 shares, a drop of 74.5% from the June 15th total of 140,176 shares. Based on an average trading volume of 247,782 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.4% of the company’s shares are short sold.
Hedge Funds Weigh In On Simplify Health Care ETF
Several hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada increased its position in Simplify Health Care ETF by 2.5% during the 1st quarter. Royal Bank of Canada now owns 29,124 shares of the company’s stock worth $980,000 after purchasing an additional 704 shares in the last quarter. Harmony Asset Management LLC lifted its position in Simplify Health Care ETF by 156.1% during the first quarter. Harmony Asset Management LLC now owns 29,037 shares of the company’s stock valued at $977,000 after buying an additional 17,699 shares in the last quarter. Sigma Planning Corp grew its stake in Simplify Health Care ETF by 4.9% during the first 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 period. Lee Danner & Bass Inc. grew its stake in Simplify Health Care ETF by 3.0% during the first quarter. Lee Danner & Bass Inc. now owns 165,477 shares of the company’s stock worth $5,570,000 after buying an additional 4,825 shares during the period. Finally, Cambridge Advisors Inc. grew its stake in Simplify Health Care ETF by 39.1% during the first quarter. Cambridge Advisors Inc. now owns 31,553 shares of the company’s stock worth $1,062,000 after buying an additional 8,867 shares during the period.
Simplify Health Care ETF Price Performance
PINK stock traded down $0.53 during trading on Monday, reaching $39.08. 110,975 shares of the stock traded hands, compared to its average volume of 151,328. The business’s 50 day moving average price is $37.62 and its 200-day moving average price is $36.31. Simplify Health Care ETF has a 52-week low of $28.32 and a 52-week high of $40.41. The firm has a market capitalization of $361.49 million, a PE ratio of 23.95 and a beta of 0.73.
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.