Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRG) Short Interest Up 213.9% in March

Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRG) was the target of a significant growth in short interest in March. As of March 13th, there was short interest totaling 60,882 shares, a growth of 213.9% from the February 26th total of 19,394 shares. Based on an average trading volume of 22,870 shares, the days-to-cover ratio is presently 2.7 days. Currently, 8.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. CreativeOne Wealth LLC purchased a new stake in shares of Simplify Kayne Anderson Energy and Infrastructure Credit ETF during the 4th quarter valued at about $1,069,000. Hazlett Burt & Watson Inc. bought a new stake in shares of Simplify Kayne Anderson Energy and Infrastructure Credit ETF in the fourth quarter worth approximately $25,000. Finally, Pekin Hardy Strauss Inc. raised 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 last quarter.

Simplify Kayne Anderson Energy and Infrastructure Credit ETF Price Performance

Shares of NYSEARCA:KNRG traded down $0.04 on Friday, hitting $25.27. 1,750 shares of the company traded hands, compared to its average volume of 12,187. The stock has a 50 day simple moving average of $25.93 and a 200-day simple moving average of $25.94. Simplify Kayne Anderson Energy and Infrastructure Credit ETF has a 52 week low of $25.05 and a 52 week high of $26.31.

Simplify Kayne Anderson Energy and Infrastructure Credit ETF Company Profile

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.