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

Kensington Hedged Premium Income ETF (BATS:KHPI) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 117,299 shares, an increase of 123.1% from the June 30th total of 52,578 shares. Currently, 2.0% of the company’s shares are short sold. Based on an average daily volume of 75,286 shares, the days-to-cover ratio is presently 1.6 days.

Kensington Hedged Premium Income ETF Stock Down 0.6%

BATS KHPI opened at $25.81 on Thursday. Kensington Hedged Premium Income ETF has a 1-year low of $23.95 and a 1-year high of $26.55. The business’s 50-day simple moving average is $25.96 and its 200-day simple moving average is $25.62.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Kingswood Wealth Advisors LLC grew its stake in Kensington Hedged Premium Income ETF by 5.4% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 12,821 shares of the company’s stock worth $329,000 after buying an additional 653 shares during the period. Sunbelt Securities Inc. raised its stake in shares of Kensington Hedged Premium Income ETF by 2.4% in the 1st quarter. Sunbelt Securities Inc. now owns 28,882 shares of the company’s stock valued at $699,000 after acquiring an additional 685 shares during the period. Advisory Services Network LLC lifted its holdings in shares of Kensington Hedged Premium Income ETF by 2.0% during the 4th quarter. Advisory Services Network LLC now owns 79,662 shares of the company’s stock valued at $2,044,000 after acquiring an additional 1,542 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in shares of Kensington Hedged Premium Income ETF by 2.7% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 87,026 shares of the company’s stock valued at $2,247,000 after acquiring an additional 2,269 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its holdings in shares of Kensington Hedged Premium Income ETF by 14.3% during the 4th 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 in 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.