Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRG) Short Interest Down 19.8% in January

Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRG) was the target of a large decrease in short interest in January. As of January 30th, there was short interest totaling 3,791 shares, a decrease of 19.8% from the January 15th total of 4,728 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily volume of 11,086 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 11,086 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.5% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in KNRG. Pekin Hardy Strauss Inc. increased its holdings in shares of Simplify Kayne Anderson Energy and Infrastructure Credit ETF by 4.3% during the fourth quarter. Pekin Hardy Strauss Inc. now owns 12,075 shares of the company’s stock valued at $312,000 after purchasing an additional 500 shares during the period. Hazlett Burt & Watson Inc. acquired a new position in Simplify Kayne Anderson Energy and Infrastructure Credit ETF during the 4th quarter valued at about $25,000. Finally, CreativeOne Wealth LLC bought a new stake in shares of Simplify Kayne Anderson Energy and Infrastructure Credit ETF during the 4th quarter worth about $1,069,000.

Simplify Kayne Anderson Energy and Infrastructure Credit ETF Price Performance

NYSEARCA KNRG traded up $0.04 during trading hours on Tuesday, hitting $26.13. The company had a trading volume of 2,211 shares, compared to its average volume of 10,216. Simplify Kayne Anderson Energy and Infrastructure Credit ETF has a fifty-two week low of $25.05 and a fifty-two week high of $26.31. The business has a fifty day simple moving average of $25.95 and a 200-day simple moving average of $25.91.

About Simplify Kayne Anderson Energy and Infrastructure Credit ETF

KNRG is an actively managed ETF that seeks to deliver attractive monthly income by investing in credit instruments of energy and infrastructure companies. This includes bonds, notes, loans, and hybrid or preferred shares. The fund focuses on instruments that offer higher yields and higher credit quality compared to traditional high-yield bond indices.