Kensington Hedged Premium Income ETF (BATS:KHPI) Sees Large Decline in Short Interest

Kensington Hedged Premium Income ETF (BATS:KHPI) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 55,655 shares, a decline of 47.2% from the July 30th total of 105,414 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average trading volume of 69,997 shares, the days-to-cover ratio is presently 0.8 days.

Kensington Hedged Premium Income ETF Trading Down 0.8%

Shares of BATS:KHPI opened at $25.87 on Tuesday. The firm has a fifty day moving average price of $26.03 and a 200 day moving average price of $25.69. Kensington Hedged Premium Income ETF has a 1 year low of $23.95 and a 1 year high of $26.55.

Institutional Trading of Kensington Hedged Premium Income ETF

Hedge funds have recently added to or reduced their stakes in the business. Arkadios Wealth Advisors boosted its position in shares of Kensington Hedged Premium Income ETF by 14.3% in the fourth quarter. Arkadios Wealth Advisors now owns 20,545 shares of the company’s stock valued at $527,000 after acquiring an additional 2,563 shares during the period. Sunbelt Securities Inc. boosted its position in shares of Kensington Hedged Premium Income ETF by 18.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 20,545 shares of the company’s stock valued at $525,000 after acquiring an additional 3,134 shares in the last quarter. Virtue Capital Management LLC boosted its holdings in Kensington Hedged Premium Income ETF by 344.0% during the fourth quarter. Virtue Capital Management LLC now owns 22,985 shares of the company’s stock valued at $590,000 after purchasing an additional 17,808 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Kensington Hedged Premium Income ETF by 14.3% in 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 in the last quarter. Finally, NewEdge Advisors LLC grew its holdings in shares of Kensington Hedged Premium Income ETF by 3,777.5% in the 4th quarter. NewEdge Advisors LLC now owns 23,653 shares of the company’s stock worth $607,000 after purchasing an additional 23,043 shares during the last quarter.

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.