Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Sees Large Growth in Short Interest

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYNGet Free Report) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 463,207 shares, a growth of 66.1% from the June 30th total of 278,797 shares. Based on an average trading volume of 295,895 shares, the days-to-cover ratio is currently 1.6 days.

Kayne Anderson Energy Infrastructure Fund Stock Performance

Kayne Anderson Energy Infrastructure Fund stock traded up $0.13 during mid-day trading on Friday, hitting $14.62. The company had a trading volume of 392,031 shares, compared to its average volume of 430,431. Kayne Anderson Energy Infrastructure Fund has a 1 year low of $11.31 and a 1 year high of $15.17. The business has a fifty day moving average of $14.07 and a 200 day moving average of $13.81.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th were issued a $0.09 dividend. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date was Wednesday, July 15th. This is a positive change from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.09.

Insider Activity

In related news, Director Holli C. Ladhani acquired 3,621 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction dated Tuesday, June 2nd. The shares were acquired at an average cost of $13.81 per share, for a total transaction of $50,006.01. Following the completion of the purchase, the director owned 7,221 shares in the company, valued at approximately $99,722.01. The trade was a 100.58% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael J. Hennigan bought 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The stock was bought at an average price of $13.57 per share, with a total value of $203,550.00. Following the completion of the acquisition, the director owned 20,000 shares of the company’s stock, valued at $271,400. This trade represents a 300.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have purchased 26,121 shares of company stock worth $356,531.

Institutional Investors Weigh In On Kayne Anderson Energy Infrastructure Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Allworth Financial LP boosted its stake in Kayne Anderson Energy Infrastructure Fund by 5,166.7% in the fourth quarter. Allworth Financial LP now owns 3,160 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 3,100 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the fourth quarter worth about $61,000. JPMorgan Chase & Co. increased its position in shares of Kayne Anderson Energy Infrastructure Fund by 114,616.7% during the second quarter. JPMorgan Chase & Co. now owns 6,883 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 6,877 shares in the last quarter. Brown Advisory Inc. purchased a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the 2nd quarter valued at about $105,000. Finally, Fortis Capital Management LLC purchased a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the 4th quarter valued at about $124,000.

Kayne Anderson Energy Infrastructure Fund Company Profile

(Get Free Report)

The Kayne Anderson Energy Infrastructure Fund, Inc (NYSE: KYN) is a closed-end management investment company that focuses on energy infrastructure assets. The fund’s portfolio is primarily composed of equity securities of publicly traded partnerships—including master limited partnerships (MLPs)—and other energy-related companies. Key sectors in its midstream-oriented strategy include the transportation, storage, processing and distribution of natural gas, crude oil and refined products.

Since commencing operations in 2014, Kayne Anderson Energy Infrastructure Fund has pursued a dual objective of current income generation and long-term capital appreciation.

Further Reading

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