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

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

Institutional Investors Weigh In On BrightSpring Health Services

Hedge funds have recently bought and sold shares of the company. Aequim Alternative Investments LP increased its position 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 worth $26,823,000 after buying an additional 381,221 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of BrightSpring Health Services during the 2nd quarter worth approximately $11,768,000. BlueCrest Capital Management Ltd raised its stake in BrightSpring Health Services by 710.2% in the 3rd 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 period. Bank of Montreal Can acquired a new stake in BrightSpring Health Services during the 2nd quarter valued at $1,694,000. Finally, Van ECK Associates Corp boosted its position in BrightSpring Health Services by 12.6% during the second quarter. Van ECK Associates Corp now owns 318,907 shares of the company’s stock worth $15,011,000 after purchasing an additional 35,649 shares during the period.

BrightSpring Health Services Price Performance

BTSGU traded down $0.15 during trading on Tuesday, reaching $62.60. 83,697 shares of the stock were exchanged, compared to its average volume of 89,292. The stock’s 50 day moving average price is $65.85 and its two-hundred day moving average price 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 company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.39%.

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.