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 during the month of October. As of October 15th, there was short interest totaling 236,901 shares, an increase of 87.4% from the September 30th total of 126,387 shares. Based on an average daily trading volume, of 279,764 shares, the days-to-cover ratio is presently 0.8 days.

Kayne Anderson Energy Infrastructure Fund Stock Up 1.1%

NYSE:KYN opened at $14.83 on Friday. Kayne Anderson Energy Infrastructure Fund has a twelve month low of $11.31 and a twelve month high of $15.17. The business has a 50 day moving average price of $14.39 and a two-hundred day moving average price of $14.02.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Thursday, October 15th were issued a $0.0950 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 7.7%. This is a boost from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.09. The ex-dividend date was Thursday, October 15th.

Insider Transactions at Kayne Anderson Energy Infrastructure Fund

In other news, Director Carita Walker bought 3,400 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were purchased at an average price of $14.70 per share, for a total transaction of $49,980.00. Following the purchase, the director owned 3,400 shares of the company’s stock, valued at approximately $49,980. The trade was a ? increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in KYN. Manhattan West Asset Management LLC bought a new position in Kayne Anderson Energy Infrastructure Fund in the second quarter valued at $664,000. Visionary Wealth Advisors acquired a new stake in Kayne Anderson Energy Infrastructure Fund in the 2nd quarter valued at $510,000. Cura Wealth Advisors LLC bought a new stake in Kayne Anderson Energy Infrastructure Fund during the 2nd quarter worth about $1,093,000. Beverly Hills Private Wealth LLC bought a new stake in Kayne Anderson Energy Infrastructure Fund during the 2nd quarter worth about $2,639,000. Finally, Pallas Capital Advisors LLC bought a new stake in Kayne Anderson Energy Infrastructure Fund during the 2nd quarter worth about $853,000.

Kayne Anderson Energy Infrastructure Fund Company Profile

Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) is a publicly traded closed-end investment company focused on the energy infrastructure sector. The fund invests primarily in companies that own or operate infrastructure used to gather, process, transport, store and distribute energy, including master limited partnerships (MLPs) and publicly traded corporations.

KYN’s portfolio may include midstream energy businesses involved in oil, natural gas and natural gas liquids, as well as companies participating in related infrastructure and energy-transition activities.