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

Kensington Hedged Premium Income ETF (BATS:KHPI) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 56,620 shares, a drop of 50.0% from the April 30th total of 113,309 shares. Based on an average daily volume of 102,673 shares, the days-to-cover ratio is currently 0.6 days. Approximately 1.0% of the company’s shares are short sold.

Kensington Hedged Premium Income ETF Stock Performance

BATS KHPI traded up $0.07 during trading hours on Tuesday, hitting $26.16. 97,207 shares of the company’s stock were exchanged, compared to its average volume of 102,775. The business’s 50 day moving average is $25.38 and its 200-day moving average is $25.61. Kensington Hedged Premium Income ETF has a 12-month low of $23.95 and a 12-month high of $26.55.

Institutional Investors Weigh In On Kensington Hedged Premium Income ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Arkadios Wealth Advisors lifted its holdings in Kensington Hedged Premium Income ETF by 54.3% in the 1st quarter. Arkadios Wealth Advisors now owns 31,698 shares of the company’s stock valued at $767,000 after acquiring an additional 11,153 shares during the last quarter. Sunbelt Securities Inc. lifted its stake in Kensington Hedged Premium Income ETF by 2.4% during the first quarter. Sunbelt Securities Inc. now owns 28,882 shares of the company’s stock valued at $699,000 after purchasing an additional 685 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Kensington Hedged Premium Income ETF by 16.8% during the first quarter. Bank of New York Mellon Corp now owns 34,167 shares of the company’s stock worth $827,000 after buying an additional 4,920 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 worth $590,000 after buying an additional 17,808 shares in the last quarter. Finally, NewEdge Advisors LLC grew its position in Kensington Hedged Premium Income ETF by 3,777.5% in the fourth quarter. NewEdge Advisors LLC now owns 23,653 shares of the company’s stock worth $607,000 after buying 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.