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

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 143,346 shares, a growth of 50.4% from the January 15th total of 95,296 shares. Based on an average daily volume of 529,444 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 529,444 shares, the days-to-cover ratio is currently 0.3 days.

Insider Activity

In related news, President James C. Baker bought 25,000 shares of the firm’s stock in a transaction on Monday, November 24th. The shares were bought at an average price of $11.74 per share, with a total value of $293,500.00. Following the completion of the transaction, the president directly owned 886,040 shares of the company’s stock, valued at $10,402,109.60. This represents a 2.90% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hedge Funds Weigh In On Kayne Anderson Energy Infrastructure Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. D.A. Davidson & CO. lifted its stake in Kayne Anderson Energy Infrastructure Fund by 3.5% in the second quarter. D.A. Davidson & CO. now owns 25,623 shares of the financial services provider’s stock worth $326,000 after acquiring an additional 875 shares during the last quarter. Moloney Securities Asset Management LLC raised its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 6.0% in the 2nd quarter. Moloney Securities Asset Management LLC now owns 93,869 shares of the financial services provider’s stock valued at $1,194,000 after purchasing an additional 5,350 shares in the last quarter. Motco purchased a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the 2nd quarter worth $30,000. Flagship Harbor Advisors LLC grew its stake in shares of Kayne Anderson Energy Infrastructure Fund by 6.5% during the second quarter. Flagship Harbor Advisors LLC now owns 250,996 shares of the financial services provider’s stock worth $3,193,000 after purchasing an additional 15,374 shares in the last quarter. Finally, Terril Brothers Inc. grew its stake in shares of Kayne Anderson Energy Infrastructure Fund by 133.0% during the second quarter. Terril Brothers Inc. now owns 1,066,750 shares of the financial services provider’s stock worth $13,570,000 after purchasing an additional 608,995 shares in the last quarter.

Kayne Anderson Energy Infrastructure Fund Stock Performance

Kayne Anderson Energy Infrastructure Fund stock traded up $0.20 during midday trading on Friday, reaching $13.80. 543,945 shares of the stock traded hands, compared to its average volume of 516,755. The company has a 50-day simple moving average of $12.52 and a two-hundred day simple moving average of $12.24. Kayne Anderson Energy Infrastructure Fund has a 12-month low of $9.82 and a 12-month high of $13.91.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be issued a $0.085 dividend. The ex-dividend date is Friday, February 13th. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%.

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.