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 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 presently 0.0 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BTSGU. Van ECK Associates Corp increased its holdings in BrightSpring Health Services by 1.6% during the 3rd 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 in the last quarter. State Street Corp boosted 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 buying an additional 8,000 shares during the period. Highbridge Capital Management LLC grew its holdings in shares of BrightSpring Health Services by 3.7% during the second quarter. Highbridge Capital Management LLC now owns 302,705 shares of the company’s stock worth $14,248,000 after buying an additional 10,899 shares in the last quarter. Wolverine Asset Management LLC grew its holdings in shares of 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 buying an additional 14,943 shares in the last quarter. Finally, Bank of Montreal Can bought a new stake in BrightSpring Health Services in the 2nd quarter valued at approximately $1,694,000.

BrightSpring Health Services Stock Up 0.7 %

NASDAQ:BTSGU traded up $0.43 during trading hours on Tuesday, hitting $63.18. 8,131 shares of the stock were exchanged, compared to its average volume of 89,237. The company’s 50 day moving average is $65.85 and its two-hundred day moving average is $55.56. BrightSpring Health Services has a twelve month low of $34.55 and a twelve month high of $72.66.

BrightSpring Health Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th were given a dividend of $0.8438 per share. The ex-dividend date was Tuesday, October 15th. This represents a $3.38 dividend on an annualized basis and a yield of 5.34%.

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.