Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Sees Significant Increase in Short Interest

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 463,207 shares, an increase of 66.1% from the June 30th total of 278,797 shares. Based on an average trading volume of 295,895 shares, the days-to-cover ratio is currently 1.6 days.

Kayne Anderson Energy Infrastructure Fund Stock Up 0.9%

NYSE:KYN traded up $0.13 during trading hours on Friday, hitting $14.62. 392,031 shares of the company’s stock traded hands, compared to its average volume of 430,431. The stock’s fifty day moving average price is $14.06 and its two-hundred day moving average price is $13.81. Kayne Anderson Energy Infrastructure Fund has a twelve month low of $11.31 and a twelve month high of $15.17.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued a $0.09 dividend. The ex-dividend date is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. This is a positive change from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.09.

Insider Buying and Selling

In other news, CFO Austin Colby Parker acquired 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average price of $13.99 per share, with a total value of $34,975.00. Following the purchase, the chief financial officer owned 14,623 shares of the company’s stock, valued at approximately $204,575.77. This trade represents a 20.62% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Michael J. Hennigan acquired 15,000 shares of the stock in a transaction on Wednesday, June 24th. The shares were purchased at an average price of $13.57 per share, for a total transaction of $203,550.00. Following the completion of the transaction, the director owned 20,000 shares in the company, valued at approximately $271,400. This represents a 300.00% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders bought 26,121 shares of company stock valued at $356,531.

Institutional Trading of Kayne Anderson Energy Infrastructure Fund

Several institutional investors have recently made changes to their positions in the stock. Post Resch Tallon Group Inc. grew its position in Kayne Anderson Energy Infrastructure Fund by 5.6% during the second quarter. Post Resch Tallon Group Inc. now owns 78,545 shares of the financial services provider’s stock valued at $1,086,000 after purchasing an additional 4,151 shares in the last quarter. Leigh Baldwin & CO. LLC grew its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 9.4% during the 1st quarter. Leigh Baldwin & CO. LLC now owns 29,481 shares of the financial services provider’s stock valued at $421,000 after acquiring an additional 2,531 shares in the last quarter. Rivernorth Capital Management LLC increased its stake in shares of Kayne Anderson Energy Infrastructure Fund by 0.4% in the first quarter. Rivernorth Capital Management LLC now owns 692,896 shares of the financial services provider’s stock worth $9,895,000 after acquiring an additional 3,096 shares during the last quarter. Quantinno Capital Management LP increased its stake in shares of Kayne Anderson Energy Infrastructure Fund by 49.5% in the first quarter. Quantinno Capital Management LP now owns 21,769 shares of the financial services provider’s stock worth $311,000 after acquiring an additional 7,212 shares during the last quarter. Finally, Waverly Advisors LLC purchased a new position in Kayne Anderson Energy Infrastructure Fund in the first quarter valued at about $665,000.

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.