Simplify Health Care ETF (NYSEARCA:PINK) Short Interest Update

Simplify Health Care ETF (NYSEARCA:PINK) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 8,374 shares, a decrease of 66.4% from the July 30th total of 24,929 shares. Based on an average trading volume of 73,082 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Trading of Simplify Health Care ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC bought a new position in Simplify Health Care ETF in the 4th quarter valued at approximately $57,000. Kestra Advisory Services LLC bought a new stake in Simplify Health Care ETF during the 4th quarter worth approximately $119,000. Flow Traders U.S. LLC acquired a new position in Simplify Health Care ETF in the 2nd quarter valued at approximately $201,000. IFP Advisors Inc increased its position in Simplify Health Care ETF by 12,613.6% in the 4th quarter. IFP Advisors Inc now owns 5,594 shares of the company’s stock valued at $205,000 after acquiring an additional 5,550 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new position in Simplify Health Care ETF in the 4th quarter valued at approximately $220,000.

Simplify Health Care ETF Trading Down 1.6%

PINK traded down $0.62 on Friday, reaching $39.37. The stock had a trading volume of 28,067 shares, compared to its average volume of 135,716. Simplify Health Care ETF has a fifty-two week low of $30.06 and a fifty-two week high of $40.63. The firm has a 50-day moving average of $39.38 and a 200-day moving average of $36.88. The company has a market capitalization of $381.10 million, a price-to-earnings ratio of 23.95 and a beta of 0.73.

About Simplify Health Care ETF

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.