Redmile Group PGNY Position
Exited3-Fund ConvergenceRedmile Group exited their position in Progyny Inc. (PGNY) in Q2 2024, after holding the stock for 2 quarters.
The position was first reported in Q1 2024 and has been tracked across 2 quarterly 13F filings.
PGNY is a convergence signal: 3 specialist biotech funds hold this stock, suggesting high institutional conviction.
Short interest stands at 10.9% of float with 3.8 days to cover, indicating significant bearish positioning against the stock.
About Progyny Inc.
Progyny, Inc., a benefits management company, specializes in fertility and family building benefits solutions for employers in the United States. Its fertility benefits solution includes differentiated benefits plan design, personalized concierge-style member support services, and selective network of fertility specialists. The company also offers Progyny Rx, an integrated pharmacy benefits solution that provides its members with access to the medications needed during their treatment. In addition, it provides surrogacy and adoption reimbursement programs for employers. The company was formerly known as Auxogyn, Inc. and changed its name to Progyny, Inc. in 2015. Progyny, Inc. was incorporated in 2008 and is headquartered in New York, New York.
Full company profile →Short Interest
10.9%
3.8 days to cover
Redmile Group PGNY Position History
Frequently Asked Questions
Does Redmile Group own PGNY?
No. Redmile Group exited their position in Progyny Inc. (PGNY) in Q2 2024. They previously held the stock for 2 quarters.
How many hedge funds own PGNY?
3 specialist biotech hedge funds currently hold PGNY, including OrbiMed Advisors, RA Capital Management, Deerfield Management. When 3 or more specialist funds hold the same stock, BiotechEdge flags it as a convergence signal.
When did Redmile Group first buy PGNY?
Redmile Group's position in PGNY was first reported in Q1 2024. 13F filings are reported with a 45-day delay, so the actual purchase may have occurred earlier in the quarter.
Is Redmile Group's PGNY position increasing or decreasing?
Redmile Group completely exited their PGNY position in the most recent quarter.
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