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

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

Institutional Investors Weigh In On BrightSpring Health Services

A number of hedge funds have recently made changes to their positions in BTSGU. Jane Street Group LLC purchased a new stake in shares of BrightSpring Health Services during the 1st quarter worth about $21,425,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in BrightSpring Health Services in the 2nd quarter valued at $11,768,000. Blackstone Inc. acquired a new stake in BrightSpring Health Services during the first quarter worth about $6,762,000. Gabelli Funds LLC acquired a new position in shares of BrightSpring Health Services in the first quarter valued at $6,627,000. Finally, 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 buying an additional 101,985 shares in the last quarter.

BrightSpring Health Services Trading Up 1.8 %

Shares of BrightSpring Health Services stock traded up $1.01 during trading hours on Friday, reaching $57.52. 1,068 shares of the company’s stock were exchanged, compared to its average volume of 92,226. The company has a fifty day moving average of $50.06 and a 200-day moving average of $46.15. BrightSpring Health Services has a 52-week low of $34.55 and a 52-week high of $58.20.

BrightSpring Health Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Monday, July 15th were issued a $0.8438 dividend. The ex-dividend date of this dividend was Monday, July 15th. This represents a $3.38 dividend on an annualized basis and a yield of 5.87%.

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.