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

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 8,700 shares, a growth 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.

Institutional Investors Weigh In On BrightSpring Health Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BTSGU. Invesco Ltd. purchased a new position in shares of BrightSpring Health Services during the 4th quarter worth $1,127,000. JPMorgan Chase & Co. lifted its position in BrightSpring Health Services by 314.3% in the fourth quarter. JPMorgan Chase & Co. now owns 29,437 shares of the company’s stock valued at $1,843,000 after buying an additional 22,331 shares during the last quarter. Susquehanna Advisors Group Inc. purchased a new position in BrightSpring Health Services during the fourth quarter worth about $5,008,000. BlueCrest Capital Management Ltd boosted its stake in BrightSpring Health Services by 79.0% during the fourth quarter. BlueCrest Capital Management Ltd now owns 100,653 shares of the company’s stock worth $6,301,000 after buying an additional 44,409 shares during the period. 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 valued at $6,931,000 after acquiring an additional 8,000 shares during the last quarter.

BrightSpring Health Services Price Performance

BrightSpring Health Services stock opened at $65.53 on Monday. The firm has a 50 day simple moving average of $72.19 and a 200-day simple moving average of $66.19. BrightSpring Health Services has a 1-year low of $41.24 and a 1-year high of $89.00.

BrightSpring Health Services Dividend Announcement

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

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.