BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Short Interest Down 51.0% in October

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totalling 2,400 shares, a decline of 51.0% from the September 30th total of 4,900 shares. Based on an average daily trading volume, of 72,100 shares, the days-to-cover ratio is currently 0.0 days.

BrightSpring Health Services Stock Performance

Shares of BrightSpring Health Services stock remained flat at $58.72 on Friday. 114 shares of the stock traded hands, compared to its average volume of 86,929. BrightSpring Health Services has a 12-month low of $34.55 and a 12-month high of $60.33. The company’s 50-day simple moving average is $54.49 and its 200-day simple moving average is $48.45.

BrightSpring Health Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be issued a $0.8438 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $3.38 dividend on an annualized basis and a dividend yield of 5.75%.

Hedge Funds Weigh In On BrightSpring Health Services

Large investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp grew its position in shares of 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 buying an additional 35,649 shares during the period. Calamos Advisors LLC increased its stake in shares of BrightSpring Health Services by 51.0% during the second 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 in the last quarter. Gamco Investors INC. ET AL bought a new position in shares of BrightSpring Health Services during the first quarter valued at approximately $270,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of BrightSpring Health Services during the second quarter valued at approximately $11,768,000. Finally, Highbridge Capital Management LLC boosted its position in shares of BrightSpring Health Services by 3.7% in 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.

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.