BrightSpring Health Services, Inc. (NASDAQ:BTSGU) Short Interest Update

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) saw a large increase in short interest in January. As of January 31st, there was short interest totalling 8,800 shares, an increase of 6.0% from the January 15th total of 8,300 shares. Based on an average daily volume of 74,000 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of BrightSpring Health Services

Several institutional investors and hedge funds have recently modified their holdings of BTSGU. D. E. Shaw & Co. Inc. lifted its position in shares of BrightSpring Health Services by 149.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 960,000 shares of the company’s stock worth $60,509,000 after buying an additional 575,000 shares during the last quarter. Aequim Alternative Investments LP raised its position in BrightSpring Health Services by 105.7% in the fourth quarter. Aequim Alternative Investments LP now owns 990,000 shares of the company’s stock valued at $61,974,000 after purchasing an additional 508,779 shares during the last quarter. Sculptor Capital LP raised its position in BrightSpring Health Services by 443.6% in the fourth quarter. Sculptor Capital LP now owns 274,770 shares of the company’s stock valued at $17,201,000 after purchasing an additional 224,224 shares during the last quarter. Norges Bank bought a new position in shares of BrightSpring Health Services during the fourth quarter worth about $12,538,000. Finally, Bank of America Corp DE grew its position in shares of BrightSpring Health Services by 231.9% during the 4th quarter. Bank of America Corp DE now owns 243,445 shares of the company’s stock worth $15,240,000 after buying an additional 170,106 shares during the period.

BrightSpring Health Services Price Performance

BTSGU opened at $79.15 on Tuesday. BrightSpring Health Services has a 52-week low of $34.55 and a 52-week high of $89.00. The business’s fifty day moving average is $70.85 and its 200-day moving average is $62.33.

BrightSpring Health Services Announces Dividend

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 dividend of $0.8438 per share. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a $3.38 annualized dividend and a dividend yield of 4.26%.

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.