Short Interest in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Increases By 167.9%

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) was the recipient of a significant increase in short interest in 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 currently 0.6 days.

Kayne Anderson Energy Infrastructure Fund Price Performance

NYSE:KYN traded up $0.02 during trading hours on Friday, hitting $14.34. 515,707 shares of the company traded hands, compared to its average volume of 439,605. The firm’s 50-day simple moving average is $13.60 and its 200-day simple moving average is $12.58. Kayne Anderson Energy Infrastructure Fund has a one year low of $9.82 and a one year high of $14.49.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a dividend of $0.085 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend is Friday, March 13th.

Insider Transactions at Kayne Anderson Energy Infrastructure Fund

In other news, Director Holli C. Ladhani bought 3,600 shares of the stock in a transaction dated Monday, February 23rd. The shares were bought at an average cost of $13.89 per share, with a total value of $50,004.00. Following the completion of the transaction, the director directly owned 3,600 shares of the company’s stock, valued at $50,004. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Austin Colby Parker purchased 2,500 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction that occurred on Wednesday, March 25th. The stock was acquired at an average cost of $14.32 per share, with a total value of $35,800.00. Following the transaction, the chief financial officer owned 12,011 shares in the company, valued at $171,997.52. This trade represents a 26.29% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have bought 36,100 shares of company stock worth $506,154.

Institutional Investors Weigh In On Kayne Anderson Energy Infrastructure Fund

A number of institutional investors have recently added to or reduced their stakes in KYN. Brown Advisory Inc. purchased a new stake in Kayne Anderson Energy Infrastructure Fund in the 4th quarter valued at about $33,366,000. City of London Investment Management Co. Ltd. boosted its stake in shares of Kayne Anderson Energy Infrastructure Fund by 402.0% in the 3rd quarter. City of London Investment Management Co. Ltd. now owns 1,722,769 shares of the financial services provider’s stock worth $21,311,000 after buying an additional 1,379,614 shares during the last quarter. Bard Associates Inc. grew its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 462.7% in the third quarter. Bard Associates Inc. now owns 393,005 shares of the financial services provider’s stock valued at $4,861,000 after acquiring an additional 323,161 shares in the last quarter. Zimmer Partners LP increased its position in shares of Kayne Anderson Energy Infrastructure Fund by 121.9% during the fourth quarter. Zimmer Partners LP now owns 554,700 shares of the financial services provider’s stock valued at $6,867,000 after acquiring an additional 304,700 shares during the last quarter. Finally, Rivernorth Capital Management LLC increased its position in shares of Kayne Anderson Energy Infrastructure Fund by 78.0% during the fourth quarter. Rivernorth Capital Management LLC now owns 689,800 shares of the financial services provider’s stock valued at $8,540,000 after acquiring an additional 302,256 shares during 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.