Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRG) Short Interest Up 207.4% in April

Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRG) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 11,060 shares, a growth of 207.4% from the April 15th total of 3,598 shares. Based on an average daily volume of 10,304 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.2% of the company’s shares are sold short.

Hedge Funds Weigh In On Simplify Kayne Anderson Energy and Infrastructure Credit ETF

A number of hedge funds and other institutional investors have recently modified their holdings of KNRG. Pekin Hardy Strauss Inc. acquired a new position in shares of Simplify Kayne Anderson Energy and Infrastructure Credit ETF in the 3rd quarter valued at $301,000. Hazlett Burt & Watson Inc. acquired a new position in shares of Simplify Kayne Anderson Energy and Infrastructure Credit ETF in the 4th quarter valued at $25,000. CreativeOne Wealth LLC purchased a new stake in Simplify Kayne Anderson Energy and Infrastructure Credit ETF in the 4th quarter worth about $1,069,000. Finally, HB Wealth Management LLC purchased a new stake in Simplify Kayne Anderson Energy and Infrastructure Credit ETF in the 1st quarter worth about $808,000.

Simplify Kayne Anderson Energy and Infrastructure Credit ETF Price Performance

Shares of NYSEARCA:KNRG remained flat at $25.82 during midday trading on Thursday. The company had a trading volume of 62,463 shares, compared to its average volume of 12,625. Simplify Kayne Anderson Energy and Infrastructure Credit ETF has a fifty-two week low of $25.05 and a fifty-two week high of $26.31. The company has a fifty day simple moving average of $25.75 and a two-hundred day simple moving average of $25.87.

Simplify Kayne Anderson Energy and Infrastructure Credit ETF Company Profile

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.