Short Interest in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Rises By 315.9%

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 278,797 shares, a growth of 315.9% from the June 15th total of 67,029 shares. Based on an average daily trading volume, of 435,959 shares, the short-interest ratio is currently 0.6 days.

Kayne Anderson Energy Infrastructure Fund Stock Performance

Shares of NYSE:KYN traded down $0.07 during mid-day trading on Friday, reaching $14.15. The stock had a trading volume of 172,947 shares, compared to its average volume of 431,388. The firm has a 50 day simple moving average of $13.94 and a two-hundred day simple moving average of $13.56. Kayne Anderson Energy Infrastructure Fund has a twelve month low of $11.31 and a twelve month high of $14.69.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The company 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 $0.09 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This is a boost from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.09. This represents a c) annualized dividend and a yield of 7.6%.

Insider Buying and Selling

In other news, CFO Austin Colby Parker acquired 2,500 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average cost of $13.99 per share, for a total transaction of $34,975.00. Following the completion of the transaction, 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President James C. Baker acquired 25,000 shares of the company’s stock in a transaction on Monday, April 27th. The shares were purchased at an average cost of $13.57 per share, with a total value of $339,250.00. Following the completion of the acquisition, the president directly owned 1,003,019 shares in the company, valued at approximately $13,610,967.83. The trade was a 2.56% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders acquired 56,121 shares of company stock worth $761,731.

Hedge Funds Weigh In On Kayne Anderson Energy Infrastructure Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in KYN. Allworth Financial LP increased its position in shares of Kayne Anderson Energy Infrastructure Fund by 5,166.7% in the 4th quarter. Allworth Financial LP now owns 3,160 shares of the financial services provider’s stock valued at $39,000 after buying an additional 3,100 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Kayne Anderson Energy Infrastructure Fund during the 4th quarter valued at about $61,000. JPMorgan Chase & Co. lifted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 114,616.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,883 shares of the financial services provider’s stock valued at $88,000 after purchasing an additional 6,877 shares in the last quarter. Brown Advisory Inc. bought a new stake in Kayne Anderson Energy Infrastructure Fund during the 2nd quarter worth approximately $105,000. Finally, Fortis Capital Management LLC acquired a new stake in Kayne Anderson Energy Infrastructure Fund during the 4th quarter worth approximately $124,000.

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.