Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Sees Large Growth in Short Interest

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) was the target of a large increase in short interest in January. As of January 30th, there was short interest totaling 143,346 shares, an increase of 50.4% from the January 15th total of 95,296 shares. Based on an average trading volume of 529,444 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 529,444 shares, the days-to-cover ratio is presently 0.3 days.

Insider Activity

In other Kayne Anderson Energy Infrastructure Fund news, President James C. Baker acquired 25,000 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were acquired at an average price of $11.74 per share, for a total transaction of $293,500.00. Following the acquisition, the president owned 886,040 shares in the company, valued at $10,402,109.60. The trade was a 2.90% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Institutional Investors Weigh In On Kayne Anderson Energy Infrastructure Fund

Several hedge funds and other institutional investors have recently bought and sold shares of KYN. City of London Investment Management Co. Ltd. raised its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 402.0% in the third quarter. City of London Investment Management Co. Ltd. now owns 1,722,769 shares of the financial services provider’s stock valued at $21,311,000 after buying an additional 1,379,614 shares during the last quarter. Terril Brothers Inc. raised its stake in Kayne Anderson Energy Infrastructure Fund by 133.0% during the 2nd quarter. Terril Brothers Inc. now owns 1,066,750 shares of the financial services provider’s stock valued at $13,570,000 after acquiring an additional 608,995 shares during the last quarter. Bard Associates Inc. raised its stake in Kayne Anderson Energy Infrastructure Fund by 462.7% during the 3rd 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 during the last quarter. Bank of America Corp DE lifted its position in Kayne Anderson Energy Infrastructure Fund by 5.8% during the 2nd quarter. Bank of America Corp DE now owns 4,667,222 shares of the financial services provider’s stock worth $59,367,000 after acquiring an additional 256,721 shares during the period. Finally, Closed End Fund Advisors Inc. purchased a new position in shares of Kayne Anderson Energy Infrastructure Fund in the 4th quarter valued at approximately $3,106,000.

Kayne Anderson Energy Infrastructure Fund Price Performance

KYN stock traded up $0.20 during trading on Friday, hitting $13.80. 543,945 shares of the company’s stock were exchanged, compared to its average volume of 516,755. The business has a 50-day moving average price of $12.52 and a two-hundred day moving average price of $12.24. Kayne Anderson Energy Infrastructure Fund has a 52-week low of $9.82 and a 52-week high of $13.91.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be issued a $0.085 dividend. The ex-dividend date is Friday, February 13th. This represents a c) annualized dividend and a dividend yield of 7.4%.

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.