Short Interest in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Declines By 40.6%

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) saw a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 85,632 shares, a decrease of 40.6% from the February 12th total of 144,266 shares. Based on an average trading volume of 351,488 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 351,488 shares, the short-interest ratio is presently 0.2 days.

Kayne Anderson Energy Infrastructure Fund Stock Performance

KYN traded down $0.15 during midday trading on Friday, reaching $14.06. 183,349 shares of the company were exchanged, compared to its average volume of 460,981. Kayne Anderson Energy Infrastructure Fund has a one year low of $9.82 and a one year high of $14.49. The company’s fifty day moving average price is $13.28 and its 200 day moving average price is $12.47.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a dividend of $0.085 per share. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a yield of 7.3%.

Insiders Place Their Bets

In other Kayne Anderson Energy Infrastructure Fund news, Director Holli C. Ladhani purchased 3,600 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The shares were acquired at an average price of $13.89 per share, with a total value of $50,004.00. Following the transaction, the director owned 3,600 shares in the company, valued at $50,004. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Hedge Funds Weigh In On Kayne Anderson Energy Infrastructure Fund

Several large investors have recently bought and sold shares of KYN. Bessemer Group Inc. bought a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the 3rd quarter worth $31,000. Parkside Financial Bank & Trust bought a new position in shares of Kayne Anderson Energy Infrastructure Fund during the second quarter valued at about $33,000. Allworth Financial LP boosted its holdings in Kayne Anderson Energy Infrastructure Fund by 5,166.7% during the fourth quarter. Allworth Financial LP now owns 3,160 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 3,100 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Kayne Anderson Energy Infrastructure Fund during the fourth quarter worth about $61,000. Finally, JPMorgan Chase & Co. grew its position in 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.

About Kayne Anderson Energy Infrastructure Fund

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.