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

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 104,010 shares, a growth of 22.7% from the December 15th total of 84,761 shares. Based on an average daily volume of 332,856 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 332,856 shares, the days-to-cover ratio is currently 0.3 days.

Insider Buying and Selling at Kayne Anderson Energy Infrastructure Fund

In other news, President James C. Baker purchased 25,000 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was acquired at an average cost of $11.74 per share, with a total value of $293,500.00. Following the acquisition, the president owned 886,040 shares in the company, valued at approximately $10,402,109.60. This trade represents a 2.90% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Trading of Kayne Anderson Energy Infrastructure Fund

Large investors have recently modified their holdings of the stock. D.A. Davidson & CO. raised its stake in Kayne Anderson Energy Infrastructure Fund by 3.5% during the second quarter. D.A. Davidson & CO. now owns 25,623 shares of the financial services provider’s stock worth $326,000 after acquiring an additional 875 shares in the last quarter. NewEdge Wealth LLC grew its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 4.0% during the 3rd quarter. NewEdge Wealth LLC now owns 26,100 shares of the financial services provider’s stock valued at $300,000 after purchasing an additional 1,000 shares during the last quarter. Prospera Financial Services Inc grew its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 0.6% during the 3rd quarter. Prospera Financial Services Inc now owns 176,384 shares of the financial services provider’s stock valued at $2,182,000 after purchasing an additional 1,109 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its position in Kayne Anderson Energy Infrastructure Fund by 1.3% during the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 94,200 shares of the financial services provider’s stock worth $1,165,000 after purchasing an additional 1,192 shares in the last quarter. Finally, Good Life Advisors LLC increased its position in Kayne Anderson Energy Infrastructure Fund by 2.4% during the 2nd quarter. Good Life Advisors LLC now owns 56,608 shares of the financial services provider’s stock worth $720,000 after purchasing an additional 1,348 shares in the last quarter.

Kayne Anderson Energy Infrastructure Fund Stock Up 1.5%

Shares of NYSE KYN traded up $0.18 during midday trading on Monday, reaching $12.59. The company’s stock had a trading volume of 1,167,337 shares, compared to its average volume of 644,331. Kayne Anderson Energy Infrastructure Fund has a fifty-two week low of $9.82 and a fifty-two week high of $13.65. The business’s 50 day moving average price is $12.12 and its two-hundred day moving average price is $12.14.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 15th will be issued a $0.085 dividend. The ex-dividend date of this dividend is Thursday, January 15th. This represents a c) annualized dividend and a yield of 8.1%. This is a boost from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.08.

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.