Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Short Interest Update

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) saw a significant growth in short interest in December. As of December 31st, there was short interest totaling 104,010 shares, a growth of 22.7% from the December 15th total of 84,761 shares. Based on an average daily trading volume, of 332,856 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 332,856 shares, the short-interest ratio is presently 0.3 days.

Insider Activity

In other news, President James C. Baker purchased 25,000 shares of the company’s stock in a transaction dated Monday, November 24th. The stock was bought at an average cost of $11.74 per share, for a total transaction of $293,500.00. Following the purchase, the president owned 886,040 shares of the company’s stock, valued at approximately $10,402,109.60. The trade was a 2.90% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Investors Weigh In On Kayne Anderson Energy Infrastructure Fund

Several hedge funds have recently added to or reduced their stakes in KYN. Bank of America Corp DE grew its holdings in Kayne Anderson Energy Infrastructure Fund by 5.8% during the 2nd quarter. Bank of America Corp DE now owns 4,667,222 shares of the financial services provider’s stock worth $59,367,000 after acquiring an additional 256,721 shares during the last quarter. City of London Investment Management Co. Ltd. lifted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 402.0% during the third quarter. City of London Investment Management Co. Ltd. now owns 1,722,769 shares of the financial services provider’s stock worth $21,311,000 after purchasing an additional 1,379,614 shares during the period. Pathstone Holdings LLC lifted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 4.5% during the third quarter. Pathstone Holdings LLC now owns 1,414,464 shares of the financial services provider’s stock worth $17,497,000 after purchasing an additional 60,529 shares during the period. Terril Brothers Inc. grew its stake in shares of Kayne Anderson Energy Infrastructure Fund by 133.0% in the second quarter. Terril Brothers Inc. now owns 1,066,750 shares of the financial services provider’s stock worth $13,570,000 after purchasing an additional 608,995 shares during the last quarter. Finally, Cadent Capital Advisors LLC grew its stake in shares of Kayne Anderson Energy Infrastructure Fund by 1.5% in the fourth quarter. Cadent Capital Advisors LLC now owns 659,198 shares of the financial services provider’s stock worth $8,161,000 after purchasing an additional 9,434 shares during the last quarter.

Kayne Anderson Energy Infrastructure Fund Trading Up 1.5%

KYN stock traded up $0.18 during midday trading on Monday, reaching $12.59. 1,167,337 shares of the stock were exchanged, compared to its average volume of 644,331. Kayne Anderson Energy Infrastructure Fund has a 52 week low of $9.82 and a 52 week high of $13.65. The company has a fifty day moving average price of $12.12 and a 200 day moving average price of $12.14.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be paid a $0.085 dividend. This is an increase from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.08. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date of this dividend is Thursday, January 15th.

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.