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

BrightSpring Health Services, Inc. (NASDAQ:BTSGU) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 4,000 shares, a decrease of 20.0% from the August 15th total of 5,000 shares. Based on an average daily trading volume, of 71,800 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 71,800 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of BrightSpring Health Services

Large investors have recently modified their holdings of the company. BlueCrest Capital Management Ltd raised its stake in BrightSpring Health Services by 40.3% during the 2nd quarter. BlueCrest Capital Management Ltd now owns 236,886 shares of the company’s stock valued at $19,555,000 after purchasing an additional 68,087 shares during the last quarter. Jane Street Group LLC acquired a new position in BrightSpring Health Services during the 2nd quarter valued at $870,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in BrightSpring Health Services by 11.0% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 164,260 shares of the company’s stock valued at $13,560,000 after purchasing an additional 16,302 shares during the last quarter. Norges Bank acquired a new position in BrightSpring Health Services during the 2nd quarter valued at $5,780,000. Finally, JPMorgan Chase & Co. raised its stake in BrightSpring Health Services by 69.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 43,931 shares of the company’s stock valued at $3,627,000 after purchasing an additional 17,994 shares during the last quarter.

BrightSpring Health Services Price Performance

NASDAQ BTSGU opened at $94.34 on Friday. The company has a fifty day simple moving average of $79.69 and a 200 day simple moving average of $74.69. BrightSpring Health Services has a 1 year low of $55.09 and a 1 year high of $96.88.

BrightSpring Health Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Tuesday, July 15th were issued a dividend of $0.8437 per share. This represents a $3.37 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Tuesday, July 15th.

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.