BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Short Interest Up 38.1% in March

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 8,700 shares, an increase of 38.1% from the February 28th total of 6,300 shares. Based on an average daily volume of 38,300 shares, the days-to-cover ratio is currently 0.2 days.

BrightSpring Health Services Stock Down 1.3 %

BTSGU opened at $65.53 on Monday. The company has a fifty day moving average of $72.19 and a two-hundred day moving average of $66.19. BrightSpring Health Services has a fifty-two week low of $41.24 and a fifty-two week high of $89.00.

BrightSpring Health Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, February 1st. Shareholders of record on Wednesday, January 15th were issued a $0.8438 dividend. This represents a $3.38 annualized dividend and a yield of 5.15%. The ex-dividend date was Wednesday, January 15th.

Institutional Trading of BrightSpring Health Services

Institutional investors and hedge funds have recently made changes to their positions in the business. Invesco Ltd. acquired a new position in shares of BrightSpring Health Services during the 4th quarter worth about $1,127,000. JPMorgan Chase & Co. raised its holdings in shares of BrightSpring Health Services by 314.3% during the fourth quarter. JPMorgan Chase & Co. now owns 29,437 shares of the company’s stock valued at $1,843,000 after acquiring an additional 22,331 shares during the last quarter. Susquehanna Advisors Group Inc. purchased a new position in shares of BrightSpring Health Services in the fourth quarter valued at approximately $5,008,000. BlueCrest Capital Management Ltd boosted its stake in shares of BrightSpring Health Services by 79.0% in the fourth quarter. BlueCrest Capital Management Ltd now owns 100,653 shares of the company’s stock worth $6,301,000 after acquiring an additional 44,409 shares during the last quarter. Finally, State Street Corp increased its position in shares of BrightSpring Health Services by 7.0% during the third quarter. State Street Corp now owns 123,000 shares of the company’s stock worth $6,931,000 after purchasing an additional 8,000 shares in the last quarter.

BrightSpring Health Services Company Profile

BrightSpring Health Services, Inc operates a home and community-based healthcare services platform in the United States. The company's platform focuses on delivering pharmacy and provider services, including clinical and supportive care in home and community settings to Medicare, Medicaid, and insured populations.