Short Interest in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Expands By 131.3%

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 138,800 shares, an increase of 131.3% from the March 15th total of 60,000 shares. Based on an average trading volume of 515,900 shares, the days-to-cover ratio is currently 0.3 days.

Insider Activity

In other Kayne Anderson Energy Infrastructure Fund news, President James C. Baker bought 25,000 shares of the business’s stock in a transaction on Friday, April 4th. The shares were purchased at an average price of $11.41 per share, with a total value of $285,250.00. Following the completion of the acquisition, the president now directly owns 761,040 shares of the company’s stock, valued at approximately $8,683,466.40. The trade was a 3.40 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Harrison James Little bought 5,000 shares of the stock in a transaction dated Friday, January 17th. The shares were bought at an average cost of $13.04 per share, with a total value of $65,200.00. Following the completion of the acquisition, the executive vice president now directly owns 5,000 shares of the company’s stock, valued at approximately $65,200. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 99,350 shares of company stock worth $1,180,247.

Institutional Trading of Kayne Anderson Energy Infrastructure Fund

Large investors have recently modified their holdings of the company. Sonora Investment Management Group LLC grew its position in Kayne Anderson Energy Infrastructure Fund by 17.3% in the 1st quarter. Sonora Investment Management Group LLC now owns 54,225 shares of the financial services provider’s stock worth $696,000 after purchasing an additional 8,000 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Kayne Anderson Energy Infrastructure Fund by 452,400.0% in the 1st quarter. Farther Finance Advisors LLC now owns 4,525 shares of the financial services provider’s stock worth $59,000 after buying an additional 4,524 shares in the last quarter. Princeton Global Asset Management LLC increased its position in Kayne Anderson Energy Infrastructure Fund by 33.6% in the 1st quarter. Princeton Global Asset Management LLC now owns 22,850 shares of the financial services provider’s stock valued at $293,000 after acquiring an additional 5,750 shares during the period. Magnus Financial Group LLC raised its stake in Kayne Anderson Energy Infrastructure Fund by 12.7% during the 1st quarter. Magnus Financial Group LLC now owns 220,215 shares of the financial services provider’s stock valued at $2,825,000 after acquiring an additional 24,807 shares in the last quarter. Finally, RFG Advisory LLC acquired a new position in Kayne Anderson Energy Infrastructure Fund during the 1st quarter worth $2,183,000.

Kayne Anderson Energy Infrastructure Fund Stock Performance

NYSE:KYN opened at $11.55 on Wednesday. The business has a 50 day simple moving average of $12.38 and a 200 day simple moving average of $12.51. Kayne Anderson Energy Infrastructure Fund has a 12-month low of $9.29 and a 12-month high of $13.69.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.08 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.96 annualized dividend and a dividend yield of 8.31%.

Kayne Anderson Energy Infrastructure Fund Company Profile

Kayne Anderson MLP Investment Company is a closed ended equity mutual fund launched and managed by KA Fund Advisors, LLC. It is co-managed by Kayne Anderson Capital Advisors, L.P. The fund invests in the public equity markets of the United States. It invests in stocks of companies operating in the energy sector.