Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRG) Short Interest Up 44.0% in February

Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRG) was the target of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 19,394 shares, a growth of 44.0% from the February 12th total of 13,471 shares. Based on an average daily trading volume, of 6,410 shares, the short-interest ratio is presently 3.0 days. Approximately 2.6% of the company’s shares are short sold. Approximately 2.6% of the company’s shares are short sold. Based on an average daily trading volume, of 6,410 shares, the short-interest ratio is presently 3.0 days.

Simplify Kayne Anderson Energy and Infrastructure Credit ETF Trading Down 0.3%

Shares of KNRG traded down $0.07 during mid-day trading on Friday, reaching $25.70. 51,557 shares of the company’s stock traded hands, compared to its average volume of 12,244. The stock’s 50-day moving average is $25.99 and its two-hundred day moving average is $25.95. Simplify Kayne Anderson Energy and Infrastructure Credit ETF has a 12 month low of $25.05 and a 12 month high of $26.31.

Hedge Funds Weigh In On Simplify Kayne Anderson Energy and Infrastructure Credit ETF

Several hedge funds have recently bought and sold shares of KNRG. Pekin Hardy Strauss Inc. bought a new stake in shares of Simplify Kayne Anderson Energy and Infrastructure Credit ETF during the third quarter worth $301,000. Hazlett Burt & Watson Inc. purchased a new stake in shares of Simplify Kayne Anderson Energy and Infrastructure Credit ETF during the fourth quarter valued at $25,000. Finally, CreativeOne Wealth LLC bought a new position in shares of Simplify Kayne Anderson Energy and Infrastructure Credit ETF in the fourth quarter worth about $1,069,000.

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.