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

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) saw a significant drop in short interest in September. As of September 30th, there was short interest totaling 126,387 shares, a drop of 50.1% from the September 15th total of 253,417 shares. Based on an average daily trading volume, of 322,542 shares, the short-interest ratio is presently 0.4 days.

Kayne Anderson Energy Infrastructure Fund Trading Up 1.3%

Kayne Anderson Energy Infrastructure Fund stock traded up $0.18 during midday trading on Friday, reaching $14.12. 282,916 shares of the company were exchanged, compared to its average volume of 395,066. The firm’s 50-day simple moving average is $14.47 and its 200-day simple moving average is $14.17. Kayne Anderson Energy Infrastructure Fund has a 1 year low of $11.31 and a 1 year high of $15.17.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be paid a dividend of $0.0950 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $1.14 annualized dividend and a dividend yield of 8.1%. This is an increase from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.09.

Insiders Place Their Bets

In related news, Director Carita Walker acquired 3,400 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction dated Thursday, August 20th. The shares were acquired at an average cost of $14.70 per share, for a total transaction of $49,980.00. Following the completion of the transaction, the director directly owned 3,400 shares of the company’s stock, valued at $49,980. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Hedge Funds Weigh In On Kayne Anderson Energy Infrastructure Fund

Institutional investors have recently modified their holdings of the company. TSP Capital Management Group LLC boosted its position in Kayne Anderson Energy Infrastructure Fund by 1.0% during the third quarter. TSP Capital Management Group LLC now owns 273,175 shares of the financial services provider’s stock worth $3,715,000 after acquiring an additional 2,650 shares during the last quarter. Sanders Morris Harris LLC purchased a new stake in Kayne Anderson Energy Infrastructure Fund in the 3rd quarter worth approximately $846,000. B. Riley Wealth Advisors Inc. grew its stake in Kayne Anderson Energy Infrastructure Fund by 23.3% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 105,076 shares of the financial services provider’s stock worth $1,429,000 after acquiring an additional 19,869 shares during the period. CX Institutional raised its holdings in Kayne Anderson Energy Infrastructure Fund by 15,649.7% in the 3rd quarter. CX Institutional now owns 23,467 shares of the financial services provider’s stock valued at $319,000 after acquiring an additional 23,318 shares during the last quarter. Finally, Arlington Capital Management Inc. acquired a new position in Kayne Anderson Energy Infrastructure Fund in the 2nd quarter valued at $221,000.

About Kayne Anderson Energy Infrastructure Fund

Kayne Anderson Energy Infrastructure Fund, Inc (NYSE: KYN) is a closed-end investment company that seeks to provide investors with total return through investments in energy infrastructure companies. The fund primarily targets businesses involved in the transportation, storage, processing and distribution of energy and related commodities.

KYN invests across the energy infrastructure sector, including midstream energy companies, master limited partnerships and corporations. Its portfolio may also include companies involved in natural gas, crude oil, refined products, power generation, utilities, renewable energy and other infrastructure assets that support the broader energy system.

The fund is advised by Kayne Anderson Fund Advisors, LLC, an affiliate of Kayne Anderson Capital Advisors, a private investment firm specializing in energy infrastructure and related industries.