Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRG) Short Interest Up 112.0% in July

Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRGGet Free Report) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 46,841 shares, a growth of 112.0% from the June 30th total of 22,092 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average trading volume of 21,041 shares, the days-to-cover ratio is currently 2.2 days.

Simplify Kayne Anderson Energy and Infrastructure Credit ETF Stock Down 0.5%

Shares of Simplify Kayne Anderson Energy and Infrastructure Credit ETF stock traded down $0.14 on Tuesday, reaching $25.56. 18,750 shares of the company were exchanged, compared to its average volume of 14,789. Simplify Kayne Anderson Energy and Infrastructure Credit ETF has a fifty-two week low of $25.21 and a fifty-two week high of $26.31. The stock has a fifty day moving average price of $25.77 and a 200-day moving average price of $25.83.

Institutional Trading of Simplify Kayne Anderson Energy and Infrastructure Credit ETF

Hedge funds have recently bought and sold shares of the company. CreativeOne Wealth LLC acquired a new position in shares of Simplify Kayne Anderson Energy and Infrastructure Credit ETF in the fourth quarter worth about $1,069,000. HB Wealth Management LLC purchased a new stake in shares of Simplify Kayne Anderson Energy and Infrastructure Credit ETF in the 1st quarter valued at approximately $808,000. Pekin Hardy Strauss Inc. lifted its position in shares of Simplify Kayne Anderson Energy and Infrastructure Credit ETF by 4.3% in the 4th quarter. Pekin Hardy Strauss Inc. now owns 12,075 shares of the company’s stock valued at $312,000 after acquiring an additional 500 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. acquired a new position in Simplify Kayne Anderson Energy and Infrastructure Credit ETF in the 4th quarter worth approximately $25,000.

Simplify Kayne Anderson Energy and Infrastructure Credit ETF Company Profile

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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.

Further Reading

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