Kensington Hedged Premium Income ETF (BATS:KHPI) Sees Significant Drop in Short Interest

Kensington Hedged Premium Income ETF (BATS:KHPI) was the target of a large drop in short interest in August. As of August 14th, there was short interest totaling 55,655 shares, a drop of 47.2% from the July 30th total of 105,414 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily volume of 69,997 shares, the short-interest ratio is currently 0.8 days.

Kensington Hedged Premium Income ETF Price Performance

Shares of KHPI opened at $26.09 on Friday. Kensington Hedged Premium Income ETF has a one year low of $23.95 and a one year high of $26.55. The stock has a 50-day moving average price of $26.04 and a 200 day moving average price of $25.69.

Institutional Trading of Kensington Hedged Premium Income ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Triumph Capital Management lifted its stake in Kensington Hedged Premium Income ETF by 170.3% during the third quarter. Triumph Capital Management now owns 96,738 shares of the company’s stock worth $2,470,000 after purchasing an additional 60,952 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of Kensington Hedged Premium Income ETF by 18.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 20,545 shares of the company’s stock valued at $525,000 after buying an additional 3,134 shares during the period. Janney Montgomery Scott LLC grew its position in shares of Kensington Hedged Premium Income ETF by 14.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 23,614 shares of the company’s stock valued at $606,000 after buying an additional 2,961 shares during the last quarter. Titleist Asset Management LLC bought a new stake in shares of Kensington Hedged Premium Income ETF during the 4th quarter valued at about $636,000. Finally, Arkadios Wealth Advisors raised its stake in Kensington Hedged Premium Income ETF by 14.3% during the fourth quarter. Arkadios Wealth Advisors now owns 20,545 shares of the company’s stock worth $527,000 after acquiring an additional 2,563 shares during the period.

Kensington Hedged Premium Income ETF Company Profile

The Kensington Hedged Premium Income ETF (KHPI) is an exchange-traded fund that mostly invests in large cap equity. The fund actively manages multiple derivative strategies seeking to generate high monthly income, some upside participation potential in the S&P 500, with a downside hedge. The objective is to offer a more balanced income strategy than other covered option writing strategies. KHPI was launched on Sep 3, 2024 and is issued by Kensington.