Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRG) Sees Significant Decline in Short Interest

Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRG) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 1,755 shares, a decline of 97.1% from the March 15th total of 60,882 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 11,671 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Hazlett Burt & Watson Inc. acquired a new position in shares of Simplify Kayne Anderson Energy and Infrastructure Credit ETF during the fourth quarter worth about $25,000. Pekin Hardy Strauss Inc. purchased a new position in shares of Simplify Kayne Anderson Energy and Infrastructure Credit ETF during the 3rd quarter worth approximately $301,000. Finally, CreativeOne Wealth LLC purchased a new position in shares of Simplify Kayne Anderson Energy and Infrastructure Credit ETF during the 4th quarter worth approximately $1,069,000.

Simplify Kayne Anderson Energy and Infrastructure Credit ETF Trading Down 0.1%

NYSEARCA KNRG traded down $0.02 during trading on Friday, reaching $25.79. The company’s stock had a trading volume of 3,636 shares, compared to its average volume of 11,955. Simplify Kayne Anderson Energy and Infrastructure Credit ETF has a twelve month low of $25.05 and a twelve month high of $26.31. The business’s fifty day moving average price is $25.84 and its 200-day moving average price is $25.90.

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.