BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Short Interest Update

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) was the target of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 2,800 shares, a decrease of 46.2% from the October 31st total of 5,200 shares. Based on an average daily trading volume, of 79,900 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BTSGU. Aequim Alternative Investments LP raised its holdings in BrightSpring Health Services by 381.2% in the 3rd quarter. Aequim Alternative Investments LP now owns 481,221 shares of the company’s stock valued at $26,823,000 after buying an additional 381,221 shares during the last quarter. State Street Corp raised its stake 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 valued at $6,931,000 after acquiring an additional 8,000 shares during the last quarter. BlueCrest Capital Management Ltd raised its stake in shares of BrightSpring Health Services by 710.2% during the third quarter. BlueCrest Capital Management Ltd now owns 56,244 shares of the company’s stock valued at $3,135,000 after acquiring an additional 49,302 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of BrightSpring Health Services by 1.6% during the third quarter. Van ECK Associates Corp now owns 323,854 shares of the company’s stock worth $19,059,000 after purchasing an additional 4,947 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of BrightSpring Health Services in the second quarter worth $11,768,000.

BrightSpring Health Services Trading Up 2.9 %

Shares of BrightSpring Health Services stock traded up $1.98 during midday trading on Friday, hitting $71.13. 39,161 shares of the company traded hands, compared to its average volume of 83,787. The firm’s fifty day moving average price is $62.36 and its 200-day moving average price is $52.47. BrightSpring Health Services has a 12 month low of $34.55 and a 12 month high of $72.66.

BrightSpring Health Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th were paid a dividend of $0.8438 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 4.75%.

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.