Simplify Health Care ETF (NYSEARCA:PINK) Stock Short Interest Jumps 156.0%

Simplify Health Care ETF (NYSEARCA:PINK) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 56,364 shares, a growth of 156.0% from the September 30th total of 22,015 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily volume of 107,675 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On Simplify Health Care ETF

Several institutional investors and hedge funds have recently made changes to their positions in PINK. Integrated Wealth Concepts LLC purchased a new position in Simplify Health Care ETF in the second quarter valued at about $107,000. Sigma Planning Corp bought a new position in Simplify Health Care ETF during the third quarter valued at about $279,000. WESPAC Advisors LLC purchased a new position in Simplify Health Care ETF in the 3rd quarter worth about $428,000. Harmony Asset Management LLC lifted its position in shares of Simplify Health Care ETF by 156.1% in the first quarter. Harmony Asset Management LLC now owns 29,037 shares of the company’s stock worth $977,000 after purchasing an additional 17,699 shares in the last quarter. Finally, Royal Bank of Canada grew its position in Simplify Health Care ETF by 2.5% in the first quarter. Royal Bank of Canada now owns 29,124 shares of the company’s stock worth $980,000 after acquiring an additional 704 shares in the last quarter.

Simplify Health Care ETF Price Performance

Shares of NYSEARCA:PINK traded down $0.23 during mid-day trading on Friday, reaching $40.62. 327,998 shares of the company were exchanged, compared to its average volume of 123,847. The firm has a market cap of $334.30 million, a price-to-earnings ratio of 23.95 and a beta of 0.73. Simplify Health Care ETF has a 1 year low of $32.03 and a 1 year high of $41.20. The firm’s 50-day simple moving average is $39.07 and its 200 day simple moving average is $37.35.

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.