Short Interest in Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRG) Decreases By 42.8%

Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRG) saw a large decline in short interest in June. As of June 15th, there was short interest totaling 13,406 shares, a decline of 42.8% from the May 31st total of 23,426 shares. Based on an average trading volume of 15,820 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.2% of the company’s stock are short sold.

Simplify Kayne Anderson Energy and Infrastructure Credit ETF Price Performance

Shares of KNRG traded up $0.03 during trading hours on Wednesday, reaching $25.73. The company’s stock had a trading volume of 25,678 shares, compared to its average volume of 13,506. The company has a 50 day moving average of $25.78 and a two-hundred day moving average of $25.84. Simplify Kayne Anderson Energy and Infrastructure Credit ETF has a 1-year low of $25.21 and a 1-year high of $26.31.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Pekin Hardy Strauss Inc. raised its position in Simplify Kayne Anderson Energy and Infrastructure Credit ETF by 4.3% during the fourth quarter. Pekin Hardy Strauss Inc. now owns 12,075 shares of the company’s stock valued at $312,000 after acquiring an additional 500 shares in the last quarter. Hazlett Burt & Watson Inc. bought a new stake in Simplify Kayne Anderson Energy and Infrastructure Credit ETF in the fourth quarter worth $25,000. CreativeOne Wealth LLC bought a new stake in Simplify Kayne Anderson Energy and Infrastructure Credit ETF in the fourth quarter worth $1,069,000. Finally, HB Wealth Management LLC acquired a new position in Simplify Kayne Anderson Energy and Infrastructure Credit ETF during the first quarter worth $808,000.

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.