Short Interest in Simplify Health Care ETF (NYSEARCA:PINK) Declines By 74.5%

Simplify Health Care ETF (NYSEARCA:PINK) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 35,762 shares, a decline 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 currently 0.1 days. Approximately 0.4% of the company’s shares are sold short.

Institutional Trading of Simplify Health Care ETF

A number of large investors have recently modified their holdings of PINK. LPL Financial LLC raised its stake in Simplify Health Care ETF by 163.2% in the fourth quarter. LPL Financial LLC now owns 905,040 shares of the company’s stock worth $33,124,000 after buying an additional 561,199 shares in the last quarter. WCG Wealth Advisors LLC bought a new stake in Simplify Health Care ETF during the 4th quarter valued at $18,406,000. Fourpath Capital Management LLC purchased a new position in shares of Simplify Health Care ETF in the 4th quarter valued at $17,576,000. SBE LLC DBA Cedar Cove Wealth Partners purchased a new position in shares of Simplify Health Care ETF in the 4th quarter valued at $3,957,000. Finally, HighTower Advisors LLC raised its position in shares of Simplify Health Care ETF by 31.3% in the 4th quarter. HighTower Advisors LLC now owns 383,578 shares of the company’s stock worth $14,039,000 after acquiring an additional 91,453 shares in the last quarter.

Simplify Health Care ETF Stock Performance

PINK stock traded down $0.41 during mid-day trading on Friday, reaching $39.61. 394,008 shares of the stock traded hands, compared to its average volume of 151,639. Simplify Health Care ETF has a one year low of $28.32 and a one year high of $40.41. The stock has a market capitalization of $366.39 million, a PE ratio of 23.95 and a beta of 0.73. The business has a 50-day moving average price of $37.54 and a two-hundred day moving average price of $36.30.

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.