Short Interest in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Declines By 58.6%

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 67,029 shares, a drop of 58.6% from the May 31st total of 161,847 shares. Based on an average daily volume of 328,211 shares, the short-interest ratio is presently 0.2 days.

Kayne Anderson Energy Infrastructure Fund Stock Down 0.6%

Shares of KYN traded down $0.08 during mid-day trading on Monday, hitting $13.80. 404,920 shares of the company traded hands, compared to its average volume of 440,724. The stock has a 50-day moving average price of $13.84 and a two-hundred day moving average price of $13.43. Kayne Anderson Energy Infrastructure Fund has a 1 year low of $11.31 and a 1 year high of $14.69.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be paid a dividend of $0.09 per share. The ex-dividend date is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 7.8%. This is a boost from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.09.

Insiders Place Their Bets

In other Kayne Anderson Energy Infrastructure Fund news, CFO Austin Colby Parker purchased 2,500 shares of the stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average cost of $13.99 per share, with a total value of $34,975.00. Following the completion of the acquisition, the chief financial officer directly owned 14,623 shares in the company, valued at $204,575.77. This trade represents a 20.62% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Harrison James Little acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The shares were acquired at an average cost of $13.19 per share, for a total transaction of $65,950.00. Following the completion of the transaction, the executive vice president directly owned 20,662 shares of the company’s stock, valued at $272,531.78. The trade was a 31.92% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have purchased 81,121 shares of company stock worth $1,103,481.

Hedge Funds Weigh In On Kayne Anderson Energy Infrastructure Fund

Several hedge funds and other institutional investors have recently modified their holdings of KYN. Johnson Investment Counsel Inc. grew its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 2.0% in the fourth quarter. Johnson Investment Counsel Inc. now owns 42,491 shares of the financial services provider’s stock worth $526,000 after acquiring an additional 821 shares during the period. Secure Asset Management LLC boosted its position in Kayne Anderson Energy Infrastructure Fund by 0.9% in the fourth quarter. Secure Asset Management LLC now owns 90,275 shares of the financial services provider’s stock worth $1,118,000 after purchasing an additional 827 shares during the last quarter. Chicago Partners Investment Group LLC grew its stake in shares of Kayne Anderson Energy Infrastructure Fund by 3.4% during the 1st quarter. Chicago Partners Investment Group LLC now owns 28,888 shares of the financial services provider’s stock valued at $389,000 after purchasing an additional 947 shares during the period. Mutual Advisors LLC grew its stake in shares of Kayne Anderson Energy Infrastructure Fund by 2.1% during the 4th quarter. Mutual Advisors LLC now owns 48,516 shares of the financial services provider’s stock valued at $601,000 after purchasing an additional 1,011 shares during the period. Finally, Bridgewater Advisors Inc. increased its position in shares of Kayne Anderson Energy Infrastructure Fund by 0.6% during the 1st quarter. Bridgewater Advisors Inc. now owns 190,006 shares of the financial services provider’s stock valued at $2,683,000 after purchasing an additional 1,073 shares during the last quarter.

Kayne Anderson Energy Infrastructure Fund Company Profile

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.