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

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

Kensington Hedged Premium Income ETF Stock Down 1.6%

Shares of BATS:KHPI opened at $25.76 on Friday. Kensington Hedged Premium Income ETF has a fifty-two week low of $23.95 and a fifty-two week high of $26.55. The firm has a 50-day simple moving average of $25.98 and a 200 day simple moving average of $25.76.

Kensington Hedged Premium Income ETF Increases Dividend

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

Hedge Funds Weigh In On Kensington Hedged Premium Income ETF

Several institutional investors have recently made changes to their positions in KHPI. Titleist Asset Management LLC boosted its position in Kensington Hedged Premium Income ETF by 1.9% during the 3rd quarter. Titleist Asset Management LLC now owns 32,426 shares of the company’s stock valued at $837,000 after purchasing an additional 617 shares during the period. Sunbelt Securities Inc. grew its stake in Kensington Hedged Premium Income ETF by 2.4% during the 1st quarter. Sunbelt Securities Inc. now owns 28,882 shares of the company’s stock worth $699,000 after buying an additional 685 shares during the last quarter. Swmg LLC grew its stake in Kensington Hedged Premium Income ETF by 4.8% during the 3rd quarter. Swmg LLC now owns 22,492 shares of the company’s stock worth $587,000 after buying an additional 1,024 shares during the last quarter. Root Financial Partners LLC bought a new position in Kensington Hedged Premium Income ETF during the 3rd quarter worth $29,000. Finally, CPR Investments Inc. increased its position in Kensington Hedged Premium Income ETF by 3.1% in the third quarter. CPR Investments Inc. now owns 42,422 shares of the company’s stock worth $1,095,000 after buying an additional 1,267 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.