Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Stock Short Interest Drops 50.1%

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) saw a large drop in short interest in September. As of September 30th, there was short interest totaling 126,387 shares, a drop of 50.1% from the September 15th total of 253,417 shares. Based on an average daily volume of 322,542 shares, the short-interest ratio is currently 0.4 days.

Kayne Anderson Energy Infrastructure Fund Trading Down 2.0%

Shares of NYSE:KYN traded down $0.28 on Thursday, hitting $13.94. 308,823 shares of the company were exchanged, compared to its average volume of 395,633. Kayne Anderson Energy Infrastructure Fund has a 1-year low of $11.31 and a 1-year high of $15.17. The stock’s 50 day moving average price is $14.48 and its 200 day moving average price is $14.17.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be paid a $0.0950 dividend. This is a positive change from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.09. The ex-dividend date is Thursday, October 15th. This represents a $1.14 dividend on an annualized basis and a yield of 8.2%.

Insider Buying and Selling

In related news, Director Carita Walker bought 3,400 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were bought at an average price of $14.70 per share, with a total value of $49,980.00. Following the transaction, the director owned 3,400 shares in the company, valued at approximately $49,980. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Trading of Kayne Anderson Energy Infrastructure Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Manhattan West Asset Management LLC acquired a new stake in Kayne Anderson Energy Infrastructure Fund during the 2nd quarter valued at approximately $664,000. Cura Wealth Advisors LLC purchased a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the 2nd quarter valued at $1,093,000. Visionary Wealth Advisors acquired a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the second quarter worth $510,000. Beverly Hills Private Wealth LLC acquired a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the second quarter worth $2,639,000. Finally, Pallas Capital Advisors LLC acquired a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the second quarter worth $853,000.

Kayne Anderson Energy Infrastructure Fund Company Profile

Kayne Anderson Energy Infrastructure Fund, Inc (NYSE: KYN) is a closed-end investment company that seeks to provide investors with total return through investments in energy infrastructure companies. The fund primarily targets businesses involved in the transportation, storage, processing and distribution of energy and related commodities.

KYN invests across the energy infrastructure sector, including midstream energy companies, master limited partnerships and corporations. Its portfolio may also include companies involved in natural gas, crude oil, refined products, power generation, utilities, renewable energy and other infrastructure assets that support the broader energy system.

The fund is advised by Kayne Anderson Fund Advisors, LLC, an affiliate of Kayne Anderson Capital Advisors, a private investment firm specializing in energy infrastructure and related industries.