Short Interest in Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRG) Grows By 44.0%

Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRG) saw a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 19,394 shares, a growth of 44.0% from the February 12th total of 13,471 shares. Based on an average trading volume of 6,410 shares, the short-interest ratio is presently 3.0 days. Approximately 2.6% of the shares of the company are sold short. Approximately 2.6% of the shares of the company are sold short. Based on an average trading volume of 6,410 shares, the short-interest ratio is presently 3.0 days.

Hedge Funds Weigh In On Simplify Kayne Anderson Energy and Infrastructure Credit ETF

Several institutional investors have recently made changes to their positions in KNRG. Pekin Hardy Strauss Inc. boosted its holdings in shares of Simplify Kayne Anderson Energy and Infrastructure Credit ETF by 4.3% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 12,075 shares of the company’s stock worth $312,000 after buying an additional 500 shares during the last quarter. CreativeOne Wealth LLC bought a new stake in Simplify Kayne Anderson Energy and Infrastructure Credit ETF during the fourth quarter valued at approximately $1,069,000. Finally, Hazlett Burt & Watson Inc. purchased a new stake in Simplify Kayne Anderson Energy and Infrastructure Credit ETF during the fourth quarter valued at approximately $25,000.

Simplify Kayne Anderson Energy and Infrastructure Credit ETF Price Performance

KNRG stock opened at $25.70 on Friday. Simplify Kayne Anderson Energy and Infrastructure Credit ETF has a fifty-two week low of $25.05 and a fifty-two week high of $26.31. The business’s 50-day moving average is $25.99 and its two-hundred day moving average is $25.95.

Simplify Kayne Anderson Energy and Infrastructure Credit ETF Company Profile

KNRG is an actively managed ETF that seeks to deliver attractive monthly income by investing in credit instruments of energy and infrastructure companies. This includes bonds, notes, loans, and hybrid or preferred shares. The fund focuses on instruments that offer higher yields and higher credit quality compared to traditional high-yield bond indices.