Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRG) Sees Significant Increase in Short Interest

Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRG) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 60,882 shares, an increase of 213.9% from the February 26th total of 19,394 shares. Based on an average daily volume of 22,870 shares, the short-interest ratio is presently 2.7 days. Approximately 8.1% of the company’s stock are short sold.

Simplify Kayne Anderson Energy and Infrastructure Credit ETF Stock Performance

Shares of KNRG stock opened at $25.31 on Friday. The firm has a fifty day simple moving average of $25.93 and a 200-day simple moving average of $25.94. Simplify Kayne Anderson Energy and Infrastructure Credit ETF has a twelve month low of $25.05 and a twelve month high of $26.31.

Institutional Trading of Simplify Kayne Anderson Energy and Infrastructure Credit ETF

Large investors have recently modified their holdings of the business. Hazlett Burt & Watson Inc. purchased a new stake in shares of Simplify Kayne Anderson Energy and Infrastructure Credit ETF during the fourth quarter worth about $25,000. Pekin Hardy Strauss Inc. purchased a new position in Simplify Kayne Anderson Energy and Infrastructure Credit ETF in the third quarter valued at about $301,000. Finally, CreativeOne Wealth LLC purchased a new position in Simplify Kayne Anderson Energy and Infrastructure Credit ETF in the fourth quarter valued at about $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.