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

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 4,900 shares, an increase of 6.5% from the July 15th total of 4,600 shares. Based on an average daily volume of 24,200 shares, the short-interest ratio is presently 0.2 days.

BrightSpring Health Services Trading Up 0.0 %

Shares of NASDAQ:BTSGU traded up $0.02 during trading hours on Friday, reaching $47.38. The stock had a trading volume of 30,961 shares, compared to its average volume of 86,314. The business’s 50 day moving average is $45.72. BrightSpring Health Services has a 1 year low of $34.55 and a 1 year high of $49.93.

BrightSpring Health Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Investors of record on Monday, July 15th were given a $0.8438 dividend. This represents a $3.38 dividend on an annualized basis and a dividend yield of 7.12%. The ex-dividend date of this dividend was Monday, July 15th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BTSGU. Jane Street Group LLC purchased a new position in shares of BrightSpring Health Services in the 1st quarter valued at $21,425,000. Blackstone Inc. purchased a new position in shares of BrightSpring Health Services in the 1st quarter valued at $6,762,000. Gabelli Funds LLC purchased a new position in shares of BrightSpring Health Services in the 1st quarter valued at $6,627,000. Calamos Advisors LLC grew its position in BrightSpring Health Services by 51.0% during the 2nd quarter. Calamos Advisors LLC now owns 301,985 shares of the company’s stock worth $14,214,000 after purchasing an additional 101,985 shares during the last quarter. Finally, Aequim Alternative Investments LP purchased a new position in BrightSpring Health Services during the 1st quarter worth $4,508,000.

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.