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

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) saw a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 85,632 shares, a drop of 40.6% from the February 12th total of 144,266 shares. Based on an average daily volume of 351,488 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 351,488 shares, the days-to-cover ratio is presently 0.2 days.

Insider Activity at Kayne Anderson Energy Infrastructure Fund

In other news, Director Holli C. Ladhani acquired 3,600 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction dated Monday, February 23rd. The stock was acquired at an average cost of $13.89 per share, for a total transaction of $50,004.00. Following the completion of the purchase, the director owned 3,600 shares of the company’s stock, valued at $50,004. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Hedge Funds Weigh In On Kayne Anderson Energy Infrastructure Fund

A number of institutional investors have recently made changes to their positions in KYN. FourThought Financial Partners LLC boosted its stake in Kayne Anderson Energy Infrastructure Fund by 7.7% during the 2nd quarter. FourThought Financial Partners LLC now owns 197,826 shares of the financial services provider’s stock valued at $2,516,000 after purchasing an additional 14,087 shares during the period. Baker Avenue Asset Management LP acquired a new stake in Kayne Anderson Energy Infrastructure Fund in the 2nd quarter valued at approximately $722,000. Rockefeller Capital Management L.P. increased its position in Kayne Anderson Energy Infrastructure Fund by 9.0% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 184,458 shares of the financial services provider’s stock worth $2,346,000 after buying an additional 15,200 shares during the period. ORG Wealth Partners LLC increased its position in Kayne Anderson Energy Infrastructure Fund by 38.1% in the 3rd quarter. ORG Wealth Partners LLC now owns 187,911 shares of the financial services provider’s stock worth $2,324,000 after buying an additional 51,880 shares during the period. Finally, TrueMark Investments LLC acquired a new position in shares of Kayne Anderson Energy Infrastructure Fund during the third quarter worth approximately $550,000.

Kayne Anderson Energy Infrastructure Fund Stock Performance

NYSE:KYN traded down $0.15 during midday trading on Friday, reaching $14.06. The stock had a trading volume of 183,349 shares, compared to its average volume of 460,981. Kayne Anderson Energy Infrastructure Fund has a 1-year low of $9.82 and a 1-year high of $14.49. The firm’s fifty day simple moving average is $13.28 and its 200-day simple moving average is $12.47.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a dividend of $0.085 per share. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date is Friday, March 13th.

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.