BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Sees Large Increase in Short Interest

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 3,300 shares, a growth of 22.2% from the November 30th total of 2,700 shares. Based on an average trading volume of 89,100 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of BrightSpring Health Services

A number of institutional investors and hedge funds have recently modified their holdings of the company. Aequim Alternative Investments LP boosted its holdings in BrightSpring Health Services by 381.2% during the third quarter. Aequim Alternative Investments LP now owns 481,221 shares of the company’s stock valued at $26,823,000 after purchasing an additional 381,221 shares in the last quarter. Van ECK Associates Corp boosted its stake in BrightSpring Health Services by 1.6% in the 3rd quarter. Van ECK Associates Corp now owns 323,854 shares of the company’s stock valued at $19,059,000 after buying an additional 4,947 shares in the last quarter. Highbridge Capital Management LLC grew its position in BrightSpring Health Services by 3.7% in the second quarter. Highbridge Capital Management LLC now owns 302,705 shares of the company’s stock valued at $14,248,000 after acquiring an additional 10,899 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in BrightSpring Health Services during the second quarter worth $11,768,000. Finally, Wolverine Asset Management LLC raised its stake in BrightSpring Health Services by 8.7% during the second quarter. Wolverine Asset Management LLC now owns 185,966 shares of the company’s stock worth $8,541,000 after acquiring an additional 14,943 shares in the last quarter.

BrightSpring Health Services Stock Up 0.7 %

Shares of BTSGU traded up $0.43 during mid-day trading on Tuesday, hitting $63.18. The company’s stock had a trading volume of 8,131 shares, compared to its average volume of 89,237. BrightSpring Health Services has a one year low of $34.55 and a one year high of $72.66. The stock’s 50-day moving average is $65.85 and its two-hundred day moving average is $55.56.

BrightSpring Health Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th were issued a $0.8438 dividend. The ex-dividend date was Tuesday, October 15th. This represents a $3.38 annualized dividend and a yield of 5.34%.

About BrightSpring Health Services

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.