Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRG) Sees Large Growth in Short Interest

Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRG) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 46,841 shares, an increase of 112.0% from the June 30th total of 22,092 shares. Based on an average trading volume of 21,041 shares, the short-interest ratio is currently 2.2 days. Currently, 0.8% of the shares of the company are short sold.

Institutional Trading of Simplify Kayne Anderson Energy and Infrastructure Credit ETF

A number of hedge funds have recently modified their holdings of the stock. Pekin Hardy Strauss Inc. boosted its holdings in shares of Simplify Kayne Anderson Energy and Infrastructure Credit ETF by 4.3% during the 4th quarter. Pekin Hardy Strauss Inc. now owns 12,075 shares of the company’s stock worth $312,000 after buying an additional 500 shares during the period. Hazlett Burt & Watson Inc. bought a new position in Simplify Kayne Anderson Energy and Infrastructure Credit ETF in the 4th quarter valued at about $25,000. CreativeOne Wealth LLC acquired a new stake in Simplify Kayne Anderson Energy and Infrastructure Credit ETF during the fourth quarter worth approximately $1,069,000. Finally, HB Wealth Management LLC acquired a new stake in Simplify Kayne Anderson Energy and Infrastructure Credit ETF during the first quarter worth approximately $808,000.

Simplify Kayne Anderson Energy and Infrastructure Credit ETF Trading Down 0.2%

Simplify Kayne Anderson Energy and Infrastructure Credit ETF stock traded down $0.06 during mid-day trading on Wednesday, hitting $25.50. 1,697 shares of the company’s stock traded hands, compared to its average volume of 14,697. The firm has a 50 day simple moving average of $25.76 and a two-hundred day simple moving average of $25.82. Simplify Kayne Anderson Energy and Infrastructure Credit ETF has a fifty-two week low of $25.21 and a fifty-two 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.