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 significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 84,519 shares, an increase of 102.2% from the September 30th total of 41,791 shares. Based on an average trading volume of 112,354 shares, the days-to-cover ratio is presently 0.8 days. Currently, 1.4% of the company’s stock are sold short.

Institutional Investors Weigh In On Kensington Hedged Premium Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ameritas Advisory Services LLC increased its holdings in shares of Kensington Hedged Premium Income ETF by 394.6% in the 2nd quarter. Ameritas Advisory Services LLC now owns 60,480 shares of the company’s stock valued at $1,562,000 after acquiring an additional 48,253 shares during the last quarter. Sigma Planning Corp acquired a new stake in shares of Kensington Hedged Premium Income ETF during the 3rd quarter valued at approximately $6,320,000. Swmg LLC raised its position in shares of Kensington Hedged Premium Income ETF by 4.8% during the 3rd quarter. Swmg LLC now owns 22,492 shares of the company’s stock valued at $587,000 after acquiring an additional 1,024 shares in the last quarter. NFSG Corp bought a new position in Kensington Hedged Premium Income ETF during the third quarter worth $194,000. Finally, Triumph Capital Management boosted its holdings in Kensington Hedged Premium Income ETF by 2.7% in the third quarter. Triumph Capital Management now owns 110,879 shares of the company’s stock worth $2,862,000 after purchasing an additional 2,930 shares during the period.

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 1 year low of $23.95 and a 1 year high of $26.55. The stock’s 50-day simple moving average is $25.98 and its 200-day simple moving average is $25.76.

Kensington Hedged Premium Income ETF Increases Dividend

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

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.