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:KNRG) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 46,841 shares, an increase of 112.0% from the June 30th total of 22,092 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average trading volume of 21,041 shares, the short-interest ratio is presently 2.2 days.

Simplify Kayne Anderson Energy and Infrastructure Credit ETF Stock Up 0.1%

Shares of Simplify Kayne Anderson Energy and Infrastructure Credit ETF stock traded up $0.03 during trading hours on Thursday, reaching $25.53. 6,878 shares of the company were exchanged, compared to its average volume of 14,642. Simplify Kayne Anderson Energy and Infrastructure Credit ETF has a 1 year low of $25.21 and a 1 year high of $26.31. The stock’s fifty day moving average is $25.76 and its 200 day moving average is $25.82.

Institutional Inflows and Outflows

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

About Simplify Kayne Anderson Energy and Infrastructure Credit ETF

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.