Short Interest in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Declines By 58.6%

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) saw a significant decline in short interest in June. As of June 15th, there was short interest totaling 67,029 shares, a decline of 58.6% from the May 31st total of 161,847 shares. Based on an average daily volume of 328,211 shares, the short-interest ratio is presently 0.2 days.

Insider Activity at Kayne Anderson Energy Infrastructure Fund

In related news, Director Michael J. Hennigan purchased 15,000 shares of the business’s stock in a transaction on Wednesday, June 24th. The stock was acquired at an average price of $13.57 per share, with a total value of $203,550.00. Following the completion of the acquisition, the director owned 20,000 shares of the company’s stock, valued at approximately $271,400. This trade represents a 300.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Austin Colby Parker purchased 2,500 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction on Wednesday, May 13th. The stock was bought at an average price of $13.99 per share, with a total value of $34,975.00. Following the transaction, the chief financial officer owned 14,623 shares of the company’s stock, valued at approximately $204,575.77. This represents a 20.62% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought 81,121 shares of company stock valued at $1,103,481 in the last ninety days.

Institutional Trading of Kayne Anderson Energy Infrastructure Fund

Several institutional investors and hedge funds have recently modified their holdings of KYN. Leigh Baldwin & CO. LLC boosted its holdings in Kayne Anderson Energy Infrastructure Fund by 9.4% in the 1st quarter. Leigh Baldwin & CO. LLC now owns 29,481 shares of the financial services provider’s stock worth $421,000 after buying an additional 2,531 shares during the period. Rivernorth Capital Management LLC raised its holdings in Kayne Anderson Energy Infrastructure Fund by 0.4% during the first quarter. Rivernorth Capital Management LLC now owns 692,896 shares of the financial services provider’s stock valued at $9,895,000 after acquiring an additional 3,096 shares during the period. Quantinno Capital Management LP lifted its position in shares of Kayne Anderson Energy Infrastructure Fund by 49.5% in the first quarter. Quantinno Capital Management LP now owns 21,769 shares of the financial services provider’s stock valued at $311,000 after acquiring an additional 7,212 shares in the last quarter. Waverly Advisors LLC purchased a new position in shares of Kayne Anderson Energy Infrastructure Fund in the first quarter valued at about $665,000. Finally, Bridgewater Advisors Inc. lifted its position in shares of Kayne Anderson Energy Infrastructure Fund by 0.6% in the first quarter. Bridgewater Advisors Inc. now owns 190,006 shares of the financial services provider’s stock valued at $2,683,000 after acquiring an additional 1,073 shares in the last quarter.

Kayne Anderson Energy Infrastructure Fund Price Performance

NYSE KYN traded down $0.08 on Monday, reaching $13.80. 404,920 shares of the stock were exchanged, compared to its average volume of 440,724. Kayne Anderson Energy Infrastructure Fund has a one year low of $11.31 and a one year high of $14.69. The company’s 50-day simple moving average is $13.84 and its two-hundred day simple moving average is $13.43.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be paid a $0.09 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. This is a boost from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.09. The ex-dividend date of this dividend is Wednesday, July 15th.

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.