Simplify Health Care ETF (NYSEARCA:PINK) Shares Shorted: Short Interest Up 46.4% in September

Simplify Health Care ETF (NYSEARCA:PINK) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 14,220 shares, a growth of 46.4% from the August 31st total of 9,710 shares. Based on an average daily volume of 76,595 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the company’s shares are sold short.

Simplify Health Care ETF Stock Performance

Shares of NYSEARCA:PINK traded down $0.08 during midday trading on Friday, hitting $38.10. 9,184 shares of the stock were exchanged, compared to its average volume of 127,401. The stock has a market capitalization of $345.57 million, a price-to-earnings ratio of 23.95 and a beta of 0.73. The business’s 50-day moving average price is $39.36 and its 200 day moving average price is $37.46. Simplify Health Care ETF has a 12 month low of $32.03 and a 12 month high of $40.63.

Institutional Investors Weigh In On Simplify Health Care ETF

A number of institutional investors have recently added to or reduced their stakes in PINK. Sigma Planning Corp grew its stake in shares of Simplify Health Care ETF by 4.9% in the 1st quarter. Sigma Planning Corp now owns 7,390 shares of the company’s stock valued at $249,000 after buying an additional 347 shares during the period. Royal Bank of Canada raised its position in shares of Simplify Health Care ETF by 2.5% during the first quarter. Royal Bank of Canada now owns 29,124 shares of the company’s stock worth $980,000 after purchasing an additional 704 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of Simplify Health Care ETF during the second quarter worth approximately $107,000. Lee Danner & Bass Inc. increased its stake in Simplify Health Care ETF by 3.0% during the 1st quarter. Lee Danner & Bass Inc. now owns 165,477 shares of the company’s stock valued at $5,570,000 after purchasing an additional 4,825 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Simplify Health Care ETF by 36.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 31,724 shares of the company’s stock valued at $1,242,000 after purchasing an additional 8,539 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.