Short Interest in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Expands By 167.9%

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 229,411 shares, a growth of 167.9% from the February 26th total of 85,632 shares. Based on an average trading volume of 392,272 shares, the days-to-cover ratio is presently 0.6 days.

Kayne Anderson Energy Infrastructure Fund Stock Up 0.1%

Shares of NYSE KYN traded up $0.02 during midday trading on Friday, reaching $14.34. The company’s stock had a trading volume of 515,707 shares, compared to its average volume of 439,605. The business’s 50 day moving average price is $13.60 and its two-hundred day moving average price is $12.58. Kayne Anderson Energy Infrastructure Fund has a fifty-two week low of $9.82 and a fifty-two week high of $14.49.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given a dividend of $0.085 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date is Friday, March 13th.

Insiders Place Their Bets

In related news, EVP Harrison James Little acquired 5,000 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were bought at an average cost of $14.12 per share, with a total value of $70,600.00. Following the completion of the transaction, the executive vice president directly owned 15,599 shares of the company’s stock, valued at $220,257.88. This trade represents a 47.17% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Austin Colby Parker bought 2,500 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction that occurred on Wednesday, March 25th. The shares were bought at an average cost of $14.32 per share, with a total value of $35,800.00. Following the acquisition, the chief financial officer directly owned 12,011 shares in the company, valued at $171,997.52. This trade represents a 26.29% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 36,100 shares of company stock valued at $506,154 over the last 90 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Bessemer Group Inc. bought a new position in shares of Kayne Anderson Energy Infrastructure Fund in the third quarter worth about $31,000. Allworth Financial LP grew its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 5,166.7% during the 4th quarter. Allworth Financial LP now owns 3,160 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 3,100 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Kayne Anderson Energy Infrastructure Fund during the 4th quarter worth approximately $61,000. JPMorgan Chase & Co. increased its position in Kayne Anderson Energy Infrastructure Fund by 114,616.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,883 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 6,877 shares in the last quarter. Finally, Brown Advisory Inc. bought a new position in Kayne Anderson Energy Infrastructure Fund in the 2nd quarter valued at approximately $105,000.

About Kayne Anderson Energy Infrastructure Fund

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.