Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Short Interest Update

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totaling 199,796 shares, an increase of 71.8% from the March 31st total of 116,327 shares. Based on an average daily volume of 442,458 shares, the short-interest ratio is presently 0.5 days.

Kayne Anderson Energy Infrastructure Fund Stock Performance

KYN traded up $0.08 on Monday, reaching $13.50. The company’s stock had a trading volume of 246,855 shares, compared to its average volume of 456,900. Kayne Anderson Energy Infrastructure Fund has a fifty-two week low of $11.31 and a fifty-two week high of $14.69. The stock has a 50 day moving average of $13.89 and a two-hundred day moving average of $12.80.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, April 15th will be given a $0.085 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend is Wednesday, April 15th.

Insiders Place Their Bets

In other Kayne Anderson Energy Infrastructure Fund news, Director Holli C. Ladhani purchased 3,600 shares of the firm’s stock in a transaction on Monday, February 23rd. The stock was bought at an average cost of $13.89 per share, with a total value of $50,004.00. Following the acquisition, the director directly owned 3,600 shares of the company’s stock, valued at approximately $50,004. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Austin Colby Parker acquired 2,500 shares of the company’s stock in a transaction dated Wednesday, March 25th. The stock was acquired at an average price of $14.32 per share, for a total transaction of $35,800.00. Following the acquisition, the chief financial officer owned 12,011 shares in the company, valued at approximately $171,997.52. The trade was a 26.29% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders bought 66,100 shares of company stock worth $913,854.

Institutional Investors Weigh In On Kayne Anderson Energy Infrastructure Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Brown Advisory Inc. acquired a new position in Kayne Anderson Energy Infrastructure Fund in the fourth quarter valued at $33,366,000. City of London Investment Management Co. Ltd. increased its position in shares of Kayne Anderson Energy Infrastructure Fund by 402.0% during the third 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 purchasing an additional 1,379,614 shares in the last quarter. Bard Associates Inc. lifted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 462.7% in the 3rd quarter. Bard Associates Inc. now owns 393,005 shares of the financial services provider’s stock valued at $4,861,000 after purchasing an additional 323,161 shares during the last quarter. Zimmer Partners LP boosted its position in shares of Kayne Anderson Energy Infrastructure Fund by 121.9% in the 4th quarter. Zimmer Partners LP now owns 554,700 shares of the financial services provider’s stock valued at $6,867,000 after purchasing an additional 304,700 shares during the period. Finally, Rivernorth Capital Management LLC increased its position in 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 worth $8,540,000 after buying an additional 302,256 shares during the period.

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.