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 target of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 60,882 shares, a growth of 213.9% from the February 26th total of 19,394 shares. Approximately 8.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 22,870 shares, the days-to-cover ratio is currently 2.7 days. Based on an average daily trading volume, of 22,870 shares, the days-to-cover ratio is currently 2.7 days. Approximately 8.1% of the shares of the stock are short sold.

Simplify Kayne Anderson Energy and Infrastructure Credit ETF Stock Performance

NYSEARCA:KNRG traded up $0.01 during trading hours on Wednesday, reaching $25.59. The company had a trading volume of 10,150 shares, compared to its average volume of 12,561. The stock has a 50-day moving average of $25.95 and a two-hundred day moving average of $25.95. Simplify Kayne Anderson Energy and Infrastructure Credit ETF has a one year low of $25.05 and a one year high of $26.31.

Institutional Trading of Simplify Kayne Anderson Energy and Infrastructure Credit ETF

Several large investors have recently added to or reduced their stakes in KNRG. Pekin Hardy Strauss Inc. grew its holdings 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 worth $312,000 after purchasing an additional 500 shares during the last quarter. Hazlett Burt & Watson Inc. bought a new position in shares of Simplify Kayne Anderson Energy and Infrastructure Credit ETF in the fourth quarter valued at about $25,000. Finally, CreativeOne Wealth LLC acquired a new position in Simplify Kayne Anderson Energy and Infrastructure Credit ETF during the 4th quarter worth about $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.