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

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) saw a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 100,300 shares, a drop of 22.8% from the November 15th total of 129,900 shares. Based on an average daily trading volume, of 423,500 shares, the days-to-cover ratio is presently 0.2 days.

Kayne Anderson Energy Infrastructure Fund Stock Performance

KYN traded down $0.16 during trading on Monday, reaching $12.59. 579,193 shares of the company’s stock were exchanged, compared to its average volume of 462,153. Kayne Anderson Energy Infrastructure Fund has a 1 year low of $8.35 and a 1 year high of $13.69. The company’s fifty day simple moving average is $12.46 and its 200-day simple moving average is $11.24.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a yield of 7.63%. The ex-dividend date is Wednesday, January 15th.

Insiders Place Their Bets

In other Kayne Anderson Energy Infrastructure Fund news, major shareholder Metlife Investment Management, purchased 280,000 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction on Wednesday, September 18th. The stock was bought at an average cost of $25.00 per share, with a total value of $7,000,000.00. Following the transaction, the insider now owns 280,000 shares of the company’s stock, valued at $7,000,000. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hedge Funds Weigh In On Kayne Anderson Energy Infrastructure Fund

Several institutional investors have recently made changes to their positions in the company. Jeppson Wealth Management LLC increased its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 1.2% during the 3rd quarter. Jeppson Wealth Management LLC now owns 76,615 shares of the financial services provider’s stock valued at $843,000 after purchasing an additional 896 shares in the last quarter. Intellectus Partners LLC increased its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 9.3% during the 3rd quarter. Intellectus Partners LLC now owns 11,750 shares of the financial services provider’s stock valued at $132,000 after purchasing an additional 1,000 shares in the last quarter. Truist Financial Corp increased its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 2.3% during the 2nd quarter. Truist Financial Corp now owns 54,495 shares of the financial services provider’s stock valued at $563,000 after purchasing an additional 1,212 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 2.3% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 66,422 shares of the financial services provider’s stock valued at $686,000 after purchasing an additional 1,493 shares in the last quarter. Finally, Tranquility Partners LLC increased its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 11.6% during the 2nd quarter. Tranquility Partners LLC now owns 17,852 shares of the financial services provider’s stock valued at $184,000 after purchasing an additional 1,851 shares in the last quarter.

Kayne Anderson Energy Infrastructure Fund Company Profile

Kayne Anderson MLP Investment Company is a closed ended equity mutual fund launched and managed by KA Fund Advisors, LLC. It is co-managed by Kayne Anderson Capital Advisors, L.P. The fund invests in the public equity markets of the United States. It invests in stocks of companies operating in the energy sector.