Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Sees Significant Growth in Short Interest

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 229,411 shares, an increase of 167.9% from the February 26th total of 85,632 shares. Based on an average trading volume of 392,272 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 392,272 shares, the days-to-cover ratio is presently 0.6 days.

Kayne Anderson Energy Infrastructure Fund Price Performance

KYN traded up $0.03 during mid-day trading on Wednesday, reaching $14.25. 165,706 shares of the company traded hands, compared to its average volume of 441,251. The company’s fifty day moving average price is $13.53 and its 200-day moving average price is $12.56. Kayne Anderson Energy Infrastructure Fund has a 52-week low of $9.82 and a 52-week high of $14.49.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a $0.085 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 7.2%.

Insider Transactions at Kayne Anderson Energy Infrastructure Fund

In related news, President James C. Baker acquired 25,000 shares of the stock in a transaction that occurred on Friday, March 20th. The shares were bought at an average price of $13.99 per share, for a total transaction of $349,750.00. Following the completion of the transaction, the president directly owned 911,040 shares in the company, valued at approximately $12,745,449.60. This trade represents a 2.82% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Holli C. Ladhani bought 3,600 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was bought at an average price of $13.89 per share, for a total transaction of $50,004.00. Following the acquisition, the director directly owned 3,600 shares of the company’s stock, valued at $50,004. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 33,600 shares of company stock worth $470,354 over the last three months.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of KYN. JPMorgan Chase & Co. increased its stake in shares of Kayne Anderson Energy Infrastructure Fund by 114,616.7% in the 2nd 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. Journey Strategic Wealth LLC purchased a new position in Kayne Anderson Energy Infrastructure Fund during the second quarter valued at $265,000. FourThought Financial Partners LLC grew its holdings in Kayne Anderson Energy Infrastructure Fund by 7.7% during the second quarter. FourThought Financial Partners LLC now owns 197,826 shares of the financial services provider’s stock valued at $2,516,000 after purchasing an additional 14,087 shares during the period. WealthTrust Axiom LLC purchased a new stake in Kayne Anderson Energy Infrastructure Fund in the second quarter worth about $178,000. Finally, Lido Advisors LLC increased its position in Kayne Anderson Energy Infrastructure Fund by 1.5% in the second quarter. Lido Advisors LLC now owns 345,466 shares of the financial services provider’s stock worth $4,394,000 after buying an additional 4,972 shares in the last quarter.

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.