Simplify Health Care ETF (NYSEARCA:PINK) Short Interest Down 74.5% in June

Simplify Health Care ETF (NYSEARCA:PINK) was the recipient of a large 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. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 247,782 shares, the days-to-cover ratio is presently 0.1 days.

Simplify Health Care ETF Stock Performance

NYSEARCA:PINK opened at $39.08 on Tuesday. The firm has a market capitalization of $361.49 million, a PE ratio of 23.95 and a beta of 0.73. The stock’s fifty day moving average is $37.62 and its 200 day moving average is $36.31. Simplify Health Care ETF has a fifty-two week low of $28.32 and a fifty-two week high of $40.41.

Institutional Investors Weigh In On Simplify Health Care ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Stone House Investment Management LLC bought a new stake in shares of Simplify Health Care ETF in the 4th quarter worth about $37,000. TD Waterhouse Canada Inc. bought a new position in Simplify Health Care ETF during the 4th quarter valued at about $54,000. Farther Finance Advisors LLC purchased a new stake in Simplify Health Care ETF in the 4th quarter worth about $57,000. Flagship Harbor Advisors LLC purchased a new stake in Simplify Health Care ETF in the 4th quarter worth about $86,000. Finally, Kestra Advisory Services LLC bought a new stake in Simplify Health Care ETF in the fourth quarter worth about $119,000.

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.