Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Shares Shorted: Short Interest Up 87.4% in October

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 236,901 shares, an increase of 87.4% from the September 30th total of 126,387 shares. Based on an average trading volume of 279,764 shares, the days-to-cover ratio is currently 0.8 days.

Insider Activity at Kayne Anderson Energy Infrastructure Fund

In related news, Director Carita Walker purchased 3,400 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction that occurred on Thursday, August 20th. The shares were acquired at an average price of $14.70 per share, with a total value of $49,980.00. Following the completion of the transaction, the director directly owned 3,400 shares of the company’s stock, valued at $49,980. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KYN. Bank of America Corp DE acquired a new stake in Kayne Anderson Energy Infrastructure Fund during the 2nd quarter worth approximately $62,027,000. Bard Associates Inc. acquired a new position in Kayne Anderson Energy Infrastructure Fund in the 2nd quarter valued at approximately $8,637,000. Commerce Bank bought a new position in shares of Kayne Anderson Energy Infrastructure Fund during the second quarter valued at $5,691,000. Beverly Hills Private Wealth LLC bought a new position in shares of Kayne Anderson Energy Infrastructure Fund during the second quarter valued at $2,639,000. Finally, Bridgewater Advisors Inc. acquired a new position in shares of Kayne Anderson Energy Infrastructure Fund during the second quarter worth $2,555,000.

Kayne Anderson Energy Infrastructure Fund Price Performance

NYSE:KYN traded down $0.55 on Monday, hitting $14.26. The company had a trading volume of 453,372 shares, compared to its average volume of 391,832. Kayne Anderson Energy Infrastructure Fund has a 52 week low of $11.31 and a 52 week high of $15.17. The firm has a 50 day moving average of $14.39 and a two-hundred day moving average of $14.02.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 16th will be given a $0.0950 dividend. The ex-dividend date is Monday, November 16th. This represents a $1.14 annualized dividend and a yield of 8.0%.

Kayne Anderson Energy Infrastructure Fund Company Profile

Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) is a publicly traded closed-end investment company focused on the energy infrastructure sector. The fund invests primarily in companies that own or operate infrastructure used to gather, process, transport, store and distribute energy, including master limited partnerships (MLPs) and publicly traded corporations.

KYN’s portfolio may include midstream energy businesses involved in oil, natural gas and natural gas liquids, as well as companies participating in related infrastructure and energy-transition activities.