Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Short Interest Up 72.9% in March

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 60,000 shares, a growth of 72.9% from the February 28th total of 34,700 shares. Based on an average daily trading volume, of 450,000 shares, the short-interest ratio is currently 0.1 days.

Insider Activity

In related news, President James C. Baker bought 20,000 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average cost of $12.27 per share, with a total value of $245,400.00. Following the acquisition, the president now owns 720,939 shares in the company, valued at approximately $8,845,921.53. This represents a 2.85 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Harrison James Little acquired 5,000 shares of the business’s stock in a transaction on Friday, January 17th. The shares were bought at an average cost of $13.04 per share, with a total value of $65,200.00. Following the completion of the acquisition, the executive vice president now owns 5,000 shares of the company’s stock, valued at approximately $65,200. This trade represents a ? increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 45,000 shares of company stock valued at $562,600.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of KYN. Choreo LLC raised its position in Kayne Anderson Energy Infrastructure Fund by 2.8% in the 4th quarter. Choreo LLC now owns 32,266 shares of the financial services provider’s stock valued at $409,000 after purchasing an additional 874 shares during the last quarter. Truist Financial Corp raised its position in Kayne Anderson Energy Infrastructure Fund by 4.6% in the 4th quarter. Truist Financial Corp now owns 57,207 shares of the financial services provider’s stock worth $727,000 after purchasing an additional 2,533 shares during the last quarter. Walleye Capital LLC lifted its holdings in Kayne Anderson Energy Infrastructure Fund by 24.4% during the 3rd quarter. Walleye Capital LLC now owns 46,134 shares of the financial services provider’s stock worth $507,000 after buying an additional 9,061 shares in the last quarter. HighTower Advisors LLC boosted its position in Kayne Anderson Energy Infrastructure Fund by 2.3% in the 4th quarter. HighTower Advisors LLC now owns 444,114 shares of the financial services provider’s stock valued at $5,645,000 after buying an additional 10,085 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of Kayne Anderson Energy Infrastructure Fund by 5.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 47,612 shares of the financial services provider’s stock valued at $605,000 after buying an additional 2,343 shares during the period.

Kayne Anderson Energy Infrastructure Fund Trading Up 0.6 %

Shares of Kayne Anderson Energy Infrastructure Fund stock traded up $0.08 during mid-day trading on Friday, reaching $12.90. 309,411 shares of the stock were exchanged, compared to its average volume of 438,577. Kayne Anderson Energy Infrastructure Fund has a fifty-two week low of $9.29 and a fifty-two week high of $13.69. The firm has a 50-day simple moving average of $12.88 and a 200 day simple moving average of $12.48.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.44%. The ex-dividend date of this dividend is Friday, March 14th.

About Kayne Anderson Energy Infrastructure Fund

Kayne Anderson MLP Investment Company is a closed ended equity mutual fund launched and managed by KA Fund Advisors, LLC. It is co-managed by Kayne Anderson Capital Advisors, L.P. The fund invests in the public equity markets of the United States. It invests in stocks of companies operating in the energy sector.