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

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 67,029 shares, a drop of 58.6% from the May 31st total of 161,847 shares. Based on an average trading volume of 328,211 shares, the short-interest ratio is currently 0.2 days.

Insider Activity

In other news, EVP Harrison James Little bought 5,000 shares of the company’s stock in a transaction on Friday, April 17th. The shares were purchased at an average price of $13.19 per share, with a total value of $65,950.00. Following the transaction, the executive vice president directly owned 20,662 shares in the company, valued at $272,531.78. This represents a 31.92% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael J. Hennigan bought 15,000 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was acquired at an average price of $13.57 per share, for a total transaction of $203,550.00. Following the purchase, the director directly owned 20,000 shares in the company, valued at approximately $271,400. The trade was a 300.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders bought 81,121 shares of company stock worth $1,103,481.

Institutional Investors Weigh In On Kayne Anderson Energy Infrastructure Fund

Hedge funds have recently modified their holdings of the stock. Johnson Investment Counsel Inc. grew its holdings in Kayne Anderson Energy Infrastructure Fund by 2.0% during the fourth quarter. Johnson Investment Counsel Inc. now owns 42,491 shares of the financial services provider’s stock valued at $526,000 after purchasing an additional 821 shares during the period. Secure Asset Management LLC lifted its position in shares of Kayne Anderson Energy Infrastructure Fund by 0.9% during the 4th quarter. Secure Asset Management LLC now owns 90,275 shares of the financial services provider’s stock valued at $1,118,000 after buying an additional 827 shares during the last quarter. Chicago Partners Investment Group LLC grew its stake in shares of Kayne Anderson Energy Infrastructure Fund by 3.4% during the 1st quarter. Chicago Partners Investment Group LLC now owns 28,888 shares of the financial services provider’s stock worth $389,000 after acquiring an additional 947 shares during the period. Mutual Advisors LLC grew its stake in shares of Kayne Anderson Energy Infrastructure Fund by 2.1% during the 4th quarter. Mutual Advisors LLC now owns 48,516 shares of the financial services provider’s stock worth $601,000 after acquiring an additional 1,011 shares during the period. Finally, Bridgewater Advisors Inc. increased its stake in shares of Kayne Anderson Energy Infrastructure Fund by 0.6% in the first quarter. Bridgewater Advisors Inc. now owns 190,006 shares of the financial services provider’s stock worth $2,683,000 after purchasing an additional 1,073 shares in the last quarter.

Kayne Anderson Energy Infrastructure Fund Price Performance

KYN traded down $0.09 during trading on Wednesday, hitting $13.74. 200,482 shares of the company traded hands, compared to its average volume of 438,159. The stock’s fifty day moving average is $13.86 and its 200 day moving average is $13.45. Kayne Anderson Energy Infrastructure Fund has a one year low of $11.31 and a one year high of $14.69.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. This is an increase from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.09.

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.