BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Short Interest Down 10.5% in September

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 1,700 shares, a decrease of 10.5% from the August 31st total of 1,900 shares. Based on an average daily trading volume, of 67,500 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On BrightSpring Health Services

Institutional investors have recently modified their holdings of the business. Jane Street Group LLC acquired a new stake in shares of BrightSpring Health Services during the first quarter worth $21,425,000. Van ECK Associates Corp boosted its stake in BrightSpring Health Services by 12.6% in the 2nd 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. Highbridge Capital Management LLC increased its holdings in BrightSpring Health Services by 3.7% during the 2nd quarter. Highbridge Capital Management LLC now owns 302,705 shares of the company’s stock worth $14,248,000 after purchasing an additional 10,899 shares in the last quarter. Calamos Advisors LLC raised its stake in shares of BrightSpring Health Services by 51.0% in the 2nd quarter. Calamos Advisors LLC now owns 301,985 shares of the company’s stock valued at $14,214,000 after purchasing an additional 101,985 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 valued at about $11,768,000.

BrightSpring Health Services Price Performance

Shares of BrightSpring Health Services stock traded down $1.78 during trading on Tuesday, hitting $55.74. 91,007 shares of the company were exchanged, compared to its average volume of 92,218. The firm’s fifty day moving average price is $50.23 and its 200 day moving average price is $46.35. BrightSpring Health Services has a 1-year low of $34.55 and a 1-year high of $58.20.

BrightSpring Health Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Monday, July 15th were given a dividend of $0.8438 per share. The ex-dividend date of this dividend was Monday, July 15th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 6.06%.

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.