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

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 236,901 shares, a growth of 87.4% from the September 30th total of 126,387 shares. Based on an average trading volume of 279,764 shares, the days-to-cover ratio is currently 0.8 days.

Insider Activity at Kayne Anderson Energy Infrastructure Fund

In related news, Director Carita Walker acquired 3,400 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was purchased at an average cost of $14.70 per share, with a total value of $49,980.00. Following the completion of the acquisition, the director directly owned 3,400 shares of the company’s stock, valued at approximately $49,980. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Institutional Trading of Kayne Anderson Energy Infrastructure Fund

A number of hedge funds have recently bought and sold shares of the company. Calamos Advisors LLC boosted its stake in shares of Kayne Anderson Energy Infrastructure Fund by 41.7% in the third quarter. Calamos Advisors LLC now owns 47,378 shares of the financial services provider’s stock worth $644,000 after acquiring an additional 13,951 shares during the period. Commonwealth Equity Services LLC raised its stake in Kayne Anderson Energy Infrastructure Fund by 38.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 314,424 shares of the financial services provider’s stock valued at $4,276,000 after purchasing an additional 87,104 shares during the period. City of London Investment Management Co. Ltd. lifted its holdings in Kayne Anderson Energy Infrastructure Fund by 1.4% in the 3rd quarter. City of London Investment Management Co. Ltd. now owns 3,635,032 shares of the financial services provider’s stock worth $49,436,000 after purchasing an additional 50,339 shares in the last quarter. MGO One Seven LLC boosted its stake in Kayne Anderson Energy Infrastructure Fund by 1.8% in the 3rd quarter. MGO One Seven LLC now owns 175,197 shares of the financial services provider’s stock worth $2,383,000 after purchasing an additional 3,164 shares during the period. Finally, Blueprint Investment Partners LLC grew its holdings in Kayne Anderson Energy Infrastructure Fund by 53.9% during the 3rd quarter. Blueprint Investment Partners LLC now owns 28,653 shares of the financial services provider’s stock valued at $390,000 after buying an additional 10,033 shares in the last quarter.

Kayne Anderson Energy Infrastructure Fund Stock Performance

Shares of KYN stock opened at $14.26 on Tuesday. Kayne Anderson Energy Infrastructure Fund has a 12-month low of $11.31 and a 12-month high of $15.17. The firm’s 50 day moving average is $14.38 and its 200 day moving average is $14.03.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be paid a $0.0950 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date is Monday, November 16th.

Kayne Anderson Energy Infrastructure Fund Company Profile

Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) is a publicly traded closed-end investment company focused on the energy infrastructure sector. The fund invests primarily in companies that own or operate infrastructure used to gather, process, transport, store and distribute energy, including master limited partnerships (MLPs) and publicly traded corporations.

KYN’s portfolio may include midstream energy businesses involved in oil, natural gas and natural gas liquids, as well as companies participating in related infrastructure and energy-transition activities.