Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Short Interest Up 315.9% in June

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 278,797 shares, an increase of 315.9% from the June 15th total of 67,029 shares. Based on an average daily trading volume, of 435,959 shares, the days-to-cover ratio is currently 0.6 days.

Insider Transactions at Kayne Anderson Energy Infrastructure Fund

In other news, President James C. Baker purchased 25,000 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction on Monday, April 27th. The stock was purchased at an average price of $13.57 per share, with a total value of $339,250.00. Following the transaction, the president directly owned 1,003,019 shares in the company, valued at $13,610,967.83. The trade was a 2.56% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Harrison James Little acquired 5,000 shares of the business’s stock in a transaction dated Friday, April 17th. The stock was acquired at an average cost of $13.19 per share, for a total transaction of $65,950.00. Following the transaction, the executive vice president owned 20,662 shares of the company’s stock, valued at $272,531.78. This represents a 31.92% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have purchased 56,121 shares of company stock worth $761,731.

Hedge Funds Weigh In On Kayne Anderson Energy Infrastructure Fund

A number of institutional investors have recently added to or reduced their stakes in KYN. JPMorgan Chase & Co. lifted its stake in Kayne Anderson Energy Infrastructure Fund by 114,616.7% in the second quarter. JPMorgan Chase & Co. now owns 6,883 shares of the financial services provider’s stock valued at $88,000 after acquiring an additional 6,877 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 3.7% in the 2nd quarter. First Trust Advisors LP now owns 94,074 shares of the financial services provider’s stock valued at $1,197,000 after purchasing an additional 3,384 shares during the period. Baird Financial Group Inc. raised its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 13.5% in the 2nd quarter. Baird Financial Group Inc. now owns 46,014 shares of the financial services provider’s stock valued at $585,000 after purchasing an additional 5,463 shares during the period. Brown Advisory Inc. acquired a new stake in Kayne Anderson Energy Infrastructure Fund in the 2nd quarter valued at about $105,000. Finally, Cresset Asset Management LLC acquired a new stake in Kayne Anderson Energy Infrastructure Fund in the 2nd quarter valued at about $164,000.

Kayne Anderson Energy Infrastructure Fund Stock Down 0.5%

KYN stock traded down $0.07 during mid-day trading on Friday, reaching $14.15. The company had a trading volume of 172,947 shares, compared to its average volume of 431,388. Kayne Anderson Energy Infrastructure Fund has a 52 week low of $11.31 and a 52 week high of $14.69. The stock has a 50 day simple moving average of $13.94 and a two-hundred day simple moving average of $13.56.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be paid a $0.09 dividend. This is a boost from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.09. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date of this dividend is Wednesday, July 15th.

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.