Kensington Hedged Premium Income ETF (BATS:KHPI – Get Free Report) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 113,309 shares, an increase of 221.9% from the April 15th total of 35,200 shares. Approximately 1.9% of the shares of the stock are short sold. Based on an average trading volume of 88,242 shares, the short-interest ratio is presently 1.3 days.
Kensington Hedged Premium Income ETF Price Performance
BATS:KHPI opened at $25.87 on Friday. The firm has a 50 day simple moving average of $25.19 and a 200-day simple moving average of $25.61. Kensington Hedged Premium Income ETF has a 1-year low of $23.95 and a 1-year high of $26.55.
Hedge Funds Weigh In On Kensington Hedged Premium Income ETF
Several institutional investors and hedge funds have recently bought and sold shares of the stock. CoreCap Advisors LLC increased its position in Kensington Hedged Premium Income ETF by 3.4% during the fourth 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 during the last quarter. Triumph Capital Management increased its position in Kensington Hedged Premium Income ETF by 170.3% during the third quarter. Triumph Capital Management now owns 96,738 shares of the company’s stock worth $2,470,000 after purchasing an additional 60,952 shares during the last quarter. Advisory Services Network LLC increased its position in Kensington Hedged Premium Income ETF by 2.0% during the fourth quarter. Advisory Services Network LLC now owns 79,662 shares of the company’s stock worth $2,044,000 after purchasing an additional 1,542 shares during the last quarter. Strategic Blueprint LLC increased its position in Kensington Hedged Premium Income ETF by 38.9% during the fourth quarter. Strategic Blueprint LLC now owns 78,453 shares of the company’s stock worth $2,013,000 after purchasing an additional 21,953 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position 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 purchasing an additional 4,920 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.
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