Kensington Hedged Premium Income ETF (BATS:KHPI) Stock Short Interest Rises 102.2%

Kensington Hedged Premium Income ETF (BATS:KHPI) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 84,519 shares, an increase of 102.2% from the September 30th total of 41,791 shares. Based on an average daily trading volume, of 112,354 shares, the days-to-cover ratio is presently 0.8 days. Currently, 1.4% of the shares of the company are sold short.

Kensington Hedged Premium Income ETF Stock Performance

BATS KHPI opened at $25.76 on Friday. The stock’s 50 day simple moving average is $25.98 and its 200 day simple moving average is $25.76. Kensington Hedged Premium Income ETF has a one year low of $23.95 and a one year high of $26.55.

Kensington Hedged Premium Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Friday, October 30th will be issued a dividend of $0.1964 per share. The ex-dividend date is Friday, October 30th. This is a positive change from Kensington Hedged Premium Income ETF’s previous monthly dividend of $0.1951. This represents a $2.36 annualized dividend and a yield of 9.2%.

Institutional Investors Weigh In On Kensington Hedged Premium Income ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in KHPI. CoreCap Advisors LLC raised its stake in Kensington Hedged Premium Income ETF by 7.4% during the third quarter. CoreCap Advisors LLC now owns 254,297 shares of the company’s stock worth $6,563,000 after buying an additional 17,415 shares during the last quarter. Sigma Planning Corp bought a new position in shares of Kensington Hedged Premium Income ETF in the third quarter worth $6,320,000. Guardian Wealth Advisors LLC NC grew its position in Kensington Hedged Premium Income ETF by 3.8% during the second quarter. Guardian Wealth Advisors LLC NC now owns 184,467 shares of the company’s stock worth $4,763,000 after buying an additional 6,738 shares in the last quarter. Triumph Capital Management lifted its position in Kensington Hedged Premium Income ETF by 2.7% in the 3rd quarter. Triumph Capital Management now owns 110,879 shares of the company’s stock worth $2,862,000 after buying an additional 2,930 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its stake in shares of Kensington Hedged Premium Income ETF by 2.7% during the second quarter. Wealthcare Advisory Partners LLC now owns 87,026 shares of the company’s stock valued at $2,247,000 after purchasing an additional 2,269 shares during the period.

About Kensington Hedged Premium Income ETF

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.