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

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) saw a large growth in short interest in June. As of June 30th, there was short interest totaling 278,797 shares, a growth of 315.9% from the June 15th total of 67,029 shares. Based on an average daily volume of 435,959 shares, the short-interest ratio is currently 0.6 days.

Kayne Anderson Energy Infrastructure Fund Price Performance

KYN traded up $0.05 on Tuesday, hitting $14.40. 164,128 shares of the company were exchanged, compared to its average volume of 428,838. The firm has a fifty day simple moving average of $13.94 and a two-hundred day simple moving average of $13.59. Kayne Anderson Energy Infrastructure Fund has a 12 month low of $11.31 and a 12 month high of $14.69.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be given a dividend of $0.09 per share. This represents a c) dividend on an annualized basis and a yield of 7.5%. The ex-dividend date of this dividend is Wednesday, July 15th. This is an increase from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.09.

Insider Buying and Selling

In other Kayne Anderson Energy Infrastructure Fund news, CFO Austin Colby Parker purchased 2,500 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was acquired at an average cost of $13.99 per share, for a total transaction of $34,975.00. Following the completion of the transaction, the chief financial officer directly owned 14,623 shares in the company, valued at approximately $204,575.77. This represents a 20.62% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael J. Hennigan acquired 15,000 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction dated Wednesday, June 24th. The shares were bought at an average cost of $13.57 per share, for a total transaction of $203,550.00. Following the completion of the purchase, the director directly owned 20,000 shares of the company’s stock, valued at approximately $271,400. The trade was a 300.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 56,121 shares of company stock worth $761,731 in the last ninety days.

Hedge Funds Weigh In On Kayne Anderson Energy Infrastructure Fund

Hedge funds have recently bought and sold shares of the company. Allworth Financial LP lifted its stake in shares of Kayne Anderson Energy Infrastructure Fund by 5,166.7% in the fourth quarter. Allworth Financial LP now owns 3,160 shares of the financial services provider’s stock worth $39,000 after buying an additional 3,100 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Kayne Anderson Energy Infrastructure Fund in the 4th quarter worth approximately $61,000. JPMorgan Chase & Co. lifted its position in Kayne Anderson Energy Infrastructure Fund by 114,616.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,883 shares of the financial services provider’s stock valued at $88,000 after acquiring an additional 6,877 shares in the last quarter. Brown Advisory Inc. bought a new position in Kayne Anderson Energy Infrastructure Fund in the 2nd quarter valued at approximately $105,000. Finally, Fortis Capital Management LLC purchased a new stake in Kayne Anderson Energy Infrastructure Fund during the 4th quarter valued at $124,000.

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.