Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRG) Short Interest Down 42.8% in June

Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRG) saw a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 13,406 shares, a decline of 42.8% from the May 31st total of 23,426 shares. Based on an average daily trading volume, of 15,820 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.2% of the shares of the company are sold short.

Simplify Kayne Anderson Energy and Infrastructure Credit ETF Stock Up 0.1%

Shares of KNRG traded up $0.03 during mid-day trading on Wednesday, hitting $25.73. The company’s stock had a trading volume of 25,678 shares, compared to its average volume of 13,506. The stock’s 50-day moving average is $25.78 and its two-hundred day moving average is $25.84. Simplify Kayne Anderson Energy and Infrastructure Credit ETF has a one year low of $25.21 and a one year high of $26.31.

Institutional Trading of Simplify Kayne Anderson Energy and Infrastructure Credit ETF

Hedge funds have recently bought and sold shares of the stock. Hazlett Burt & Watson Inc. bought a new position in shares of Simplify Kayne Anderson Energy and Infrastructure Credit ETF during the 4th quarter worth about $25,000. Pekin Hardy Strauss Inc. raised its position 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 buying an additional 500 shares during the last quarter. HB Wealth Management LLC acquired a new position in shares of Simplify Kayne Anderson Energy and Infrastructure Credit ETF during the first quarter valued at about $808,000. Finally, CreativeOne Wealth LLC bought a new stake in shares of Simplify Kayne Anderson Energy and Infrastructure Credit ETF in the fourth quarter valued at 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.