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

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) saw a large decrease in short interest in April. As of April 30th, there was short interest totaling 73,194 shares, a decrease of 63.4% from the April 15th total of 199,796 shares. Based on an average daily trading volume, of 564,053 shares, the days-to-cover ratio is currently 0.1 days.

Kayne Anderson Energy Infrastructure Fund Price Performance

KYN traded down $0.05 during mid-day trading on Friday, hitting $14.39. 378,986 shares of the stock were exchanged, compared to its average volume of 449,575. The firm’s fifty day moving average is $13.91 and its two-hundred day moving average is $12.99. 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 Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be paid a dividend of $0.085 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) annualized dividend and a yield of 7.1%.

Insider Buying and Selling

In other Kayne Anderson Energy Infrastructure Fund news, President James C. Baker purchased 25,000 shares of the firm’s stock in a transaction dated Monday, April 27th. The shares were acquired at an average price of $13.57 per share, with a total value of $339,250.00. Following the purchase, the president directly owned 1,003,019 shares in the company, valued at approximately $13,610,967.83. This trade represents a 2.56% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Harrison James Little purchased 5,000 shares of the firm’s stock in a transaction dated Friday, April 17th. The stock was acquired at an average cost of $13.19 per share, for a total transaction of $65,950.00. Following the purchase, the executive vice president owned 20,662 shares in the company, valued at approximately $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. Insiders have purchased 93,600 shares of company stock valued at $1,288,079 in the last quarter.

Hedge Funds Weigh In On Kayne Anderson Energy Infrastructure Fund

Hedge funds have recently bought and sold shares of the company. Bessemer Group Inc. acquired a new position in Kayne Anderson Energy Infrastructure Fund during the 3rd quarter worth about $31,000. Allworth Financial LP lifted its stake in Kayne Anderson Energy Infrastructure Fund by 5,166.7% during the 4th quarter. Allworth Financial LP now owns 3,160 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 3,100 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Kayne Anderson Energy Infrastructure Fund during the 4th quarter worth about $61,000. JPMorgan Chase & Co. lifted its stake in 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 worth $88,000 after acquiring an additional 6,877 shares in the last quarter. Finally, Brown Advisory Inc. acquired a new position in Kayne Anderson Energy Infrastructure Fund during the 2nd quarter worth about $105,000.

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.