Short Interest in Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRG) Drops By 56.7%

Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRG) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 1,393 shares, a drop of 56.7% from the December 15th total of 3,215 shares. Based on an average daily volume of 5,328 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 5,328 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Simplify Kayne Anderson Energy and Infrastructure Credit ETF stock. Pekin Hardy Strauss Inc. acquired a new position in Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,575 shares of the company’s stock, valued at approximately $301,000. Pekin Hardy Strauss Inc. owned approximately 2.10% of Simplify Kayne Anderson Energy and Infrastructure Credit ETF at the end of the most recent quarter.

Simplify Kayne Anderson Energy and Infrastructure Credit ETF Price Performance

NYSEARCA:KNRG traded up $0.02 during mid-day trading on Friday, hitting $25.99. The company’s stock had a trading volume of 7,681 shares, compared to its average volume of 4,262. The business’s fifty day moving average is $25.90 and its two-hundred day moving average is $25.84. Simplify Kayne Anderson Energy and Infrastructure Credit ETF has a 1 year low of $25.05 and a 1 year high of $26.31.

About Simplify Kayne Anderson Energy and Infrastructure Credit ETF

KNRG is an actively managed ETF that seeks to deliver attractive monthly income by investing in credit instruments of energy and infrastructure companies. This includes bonds, notes, loans, and hybrid or preferred shares. The fund focuses on instruments that offer higher yields and higher credit quality compared to traditional high-yield bond indices.