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

Kensington Hedged Premium Income ETF (BATS:KHPI) saw a large drop in short interest in June. As of June 30th, there was short interest totaling 52,578 shares, a drop of 38.6% from the June 15th total of 85,609 shares. Based on an average daily volume of 93,918 shares, the short-interest ratio is presently 0.6 days. Currently, 0.9% of the company’s stock are sold short.

Kensington Hedged Premium Income ETF Stock Performance

BATS KHPI traded down $0.04 during mid-day trading on Friday, hitting $26.03. The company’s stock had a trading volume of 69,620 shares, compared to its average volume of 99,265. The company’s 50 day simple moving average is $25.97 and its 200 day simple moving average is $25.62. Kensington Hedged Premium Income ETF has a twelve month low of $23.95 and a twelve month high of $26.55.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in KHPI. Strategic Blueprint LLC lifted its position in Kensington Hedged Premium Income ETF by 38.9% in the 4th quarter. Strategic Blueprint LLC now owns 78,453 shares of the company’s stock valued at $2,013,000 after acquiring an additional 21,953 shares in the last quarter. Kingswood Wealth Advisors LLC increased its holdings in Kensington Hedged Premium Income ETF by 5.4% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 12,821 shares of the company’s stock worth $329,000 after purchasing an additional 653 shares in the last quarter. CoreCap Advisors LLC increased its holdings in Kensington Hedged Premium Income ETF by 3.4% during the 4th quarter. CoreCap Advisors LLC now owns 198,241 shares of the company’s stock worth $5,087,000 after purchasing an additional 6,573 shares in the last quarter. Sunbelt Securities Inc. raised its stake in shares of Kensington Hedged Premium Income ETF by 37.2% in the fourth quarter. Sunbelt Securities Inc. now owns 28,197 shares of the company’s stock worth $724,000 after purchasing an additional 7,652 shares during the last quarter. Finally, Virtue Capital Management LLC raised its stake in shares of Kensington Hedged Premium Income ETF by 344.0% in the fourth quarter. Virtue Capital Management LLC now owns 22,985 shares of the company’s stock worth $590,000 after purchasing an additional 17,808 shares during the last quarter.

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.