Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN – Get 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
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
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.
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