Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRG) Short Interest Update

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

Simplify Kayne Anderson Energy and Infrastructure Credit ETF Price Performance

Shares of KNRG stock opened at $25.70 on Friday. Simplify Kayne Anderson Energy and Infrastructure Credit ETF has a one year low of $25.05 and a one year high of $26.31. The company’s 50-day moving average is $25.99 and its 200 day moving average is $25.95.

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

A number of hedge funds have recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. bought a new stake in shares of Simplify Kayne Anderson Energy and Infrastructure Credit ETF in the 4th quarter worth $25,000. Pekin Hardy Strauss Inc. bought a new position in shares of Simplify Kayne Anderson Energy and Infrastructure Credit ETF during the third quarter valued at $301,000. Finally, CreativeOne Wealth LLC bought a new position in shares of Simplify Kayne Anderson Energy and Infrastructure Credit ETF during the fourth quarter valued at $1,069,000.

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.