Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Short Interest Update
by Jessica Moore · The Cerbat GemKayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN – Get Free Report) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 73,194 shares, a drop of 63.4% from the April 15th total of 199,796 shares. Based on an average daily volume of 564,053 shares, the short-interest ratio is currently 0.1 days.
Insiders Place Their Bets
In other Kayne Anderson Energy Infrastructure Fund news, EVP Harrison James Little purchased 5,000 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction that occurred on Friday, April 17th. The stock was acquired at an average price of $13.19 per share, for a total transaction of $65,950.00. Following the completion of the acquisition, the executive vice president owned 20,662 shares of the company’s stock, valued at approximately $272,531.78. This trade represents a 31.92% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, President James C. Baker purchased 25,000 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction that occurred on Wednesday, April 8th. The shares were acquired at an average price of $13.67 per share, with a total value of $341,750.00. Following the acquisition, the president directly owned 978,019 shares of the company’s stock, valued at $13,369,519.73. This trade represents a 2.62% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have acquired 93,600 shares of company stock worth $1,288,079.
Institutional Investors Weigh In On Kayne Anderson Energy Infrastructure Fund
A number of institutional investors have recently made changes to their positions in KYN. Brown Advisory Inc. bought a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the fourth quarter worth approximately $33,366,000. City of London Investment Management Co. Ltd. boosted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 402.0% during the third quarter. City of London Investment Management Co. Ltd. now owns 1,722,769 shares of the financial services provider’s stock worth $21,311,000 after acquiring an additional 1,379,614 shares during the period. Bard Associates Inc. boosted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 462.7% during the third quarter. Bard Associates Inc. now owns 393,005 shares of the financial services provider’s stock worth $4,861,000 after acquiring an additional 323,161 shares during the period. Zimmer Partners LP boosted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 121.9% during the fourth quarter. Zimmer Partners LP now owns 554,700 shares of the financial services provider’s stock worth $6,867,000 after acquiring an additional 304,700 shares during the period. Finally, Rivernorth Capital Management LLC boosted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 78.0% during the fourth quarter. Rivernorth Capital Management LLC now owns 689,800 shares of the financial services provider’s stock worth $8,540,000 after acquiring an additional 302,256 shares during the period.
Kayne Anderson Energy Infrastructure Fund Trading Down 0.3%
Kayne Anderson Energy Infrastructure Fund stock traded down $0.05 during midday trading on Friday, reaching $14.39. 378,986 shares of the company’s stock were exchanged, compared to its average volume of 449,575. Kayne Anderson Energy Infrastructure Fund has a 52 week low of $11.31 and a 52 week high of $14.69. The stock’s 50-day simple moving average is $13.91 and its 200 day simple moving average is $12.99.
Kayne Anderson Energy Infrastructure Fund Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be issued 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, May 15th.
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.