Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN – Get Free Report) saw a large drop in short interest in September. As of September 30th, there was short interest totaling 126,387 shares, a drop of 50.1% from the September 15th total of 253,417 shares. Based on an average trading volume of 322,542 shares, the days-to-cover ratio is presently 0.4 days.
Kayne Anderson Energy Infrastructure Fund Price Performance
Shares of KYN traded down $0.10 during trading hours on Wednesday, hitting $14.24. The company had a trading volume of 182,261 shares, compared to its average volume of 395,606. The firm has a fifty day moving average price of $14.48 and a 200-day moving average price of $14.17. Kayne Anderson Energy Infrastructure Fund has a 52-week low of $11.31 and a 52-week high of $15.17.
Kayne Anderson Energy Infrastructure Fund Increases Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be paid a dividend of $0.0950 per share. The ex-dividend date is Thursday, October 15th. This represents a $1.14 dividend on an annualized basis and a yield of 8.0%. This is an increase from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.09.
Insider Transactions at Kayne Anderson Energy Infrastructure Fund
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. lifted its position in Kayne Anderson Energy Infrastructure Fund by 23.3% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 105,076 shares of the financial services provider’s stock valued at $1,429,000 after acquiring an additional 19,869 shares in the last quarter. CX Institutional increased its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 15,649.7% in the 3rd quarter. CX Institutional now owns 23,467 shares of the financial services provider’s stock worth $319,000 after purchasing an additional 23,318 shares in the last quarter. Arlington Capital Management Inc. bought a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the 2nd quarter worth $221,000. AG Asset Advisory LLC increased its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 8.1% in the 2nd quarter. AG Asset Advisory LLC now owns 120,714 shares of the financial services provider’s stock worth $1,669,000 after purchasing an additional 9,000 shares in the last quarter. Finally, Concorde Asset Management LLC raised its stake in shares of Kayne Anderson Energy Infrastructure Fund by 2.6% in the second quarter. Concorde Asset Management LLC now owns 46,170 shares of the financial services provider’s stock worth $639,000 after purchasing an additional 1,160 shares during the last quarter.
Kayne Anderson Energy Infrastructure Fund Company Profile
Kayne Anderson Energy Infrastructure Fund, Inc (NYSE: KYN) is a closed-end investment company that seeks to provide investors with total return through investments in energy infrastructure companies. The fund primarily targets businesses involved in the transportation, storage, processing and distribution of energy and related commodities.
KYN invests across the energy infrastructure sector, including midstream energy companies, master limited partnerships and corporations. Its portfolio may also include companies involved in natural gas, crude oil, refined products, power generation, utilities, renewable energy and other infrastructure assets that support the broader energy system.
The fund is advised by Kayne Anderson Fund Advisors, LLC, an affiliate of Kayne Anderson Capital Advisors, a private investment firm specializing in energy infrastructure and related industries.
Further Reading
- Five stocks we like better than Kayne Anderson Energy Infrastructure Fund
- Tesla Wants to Make Its Own Chips—What Could Go Wrong?
- IREN Limited’s AI Pivot Gains Traction—But Can Its Data Centers Deliver?
- PBF Energy’s Stunning Rally Faces a Critical Test
- Citi Stock Falls Despite Earnings Beat: What Investors Need to Know
Receive News & Ratings for Kayne Anderson Energy Infrastructure Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kayne Anderson Energy Infrastructure Fund and related companies with MarketBeat.com's FREE daily email newsletter.
