Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Sees Significant Decline in Short Interest
by Teresa Graham · The Cerbat GemKayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN – Get Free Report) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 116,327 shares, a decline of 49.3% from the March 15th total of 229,411 shares. Based on an average trading volume of 379,893 shares, the days-to-cover ratio is presently 0.3 days.
Kayne Anderson Energy Infrastructure Fund Stock Performance
NYSE:KYN traded down $0.12 during trading hours on Wednesday, hitting $13.52. The company had a trading volume of 50,162 shares, compared to its average volume of 438,030. The stock has a 50-day moving average price of $13.91 and a 200 day moving average price of $12.74. Kayne Anderson Energy Infrastructure Fund has a 52 week low of $11.21 and a 52 week high of $14.69.
Kayne Anderson Energy Infrastructure Fund Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, April 15th will be issued a $0.085 dividend. The ex-dividend date is Wednesday, April 15th. This represents a c) annualized dividend and a yield of 7.5%.
Insider Activity
In related news, CFO Austin Colby Parker purchased 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 25th. The shares were acquired at an average price of $14.32 per share, for a total transaction of $35,800.00. Following the completion of the acquisition, the chief financial officer directly owned 12,011 shares in the company, valued at approximately $171,997.52. The trade was a 26.29% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Holli C. Ladhani purchased 3,600 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was bought at an average price of $13.89 per share, for a total transaction of $50,004.00. Following the acquisition, the director owned 3,600 shares of the company’s stock, valued at $50,004. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders bought 61,100 shares of company stock valued at $847,904.
Institutional Trading of Kayne Anderson Energy Infrastructure Fund
A number of hedge funds have recently modified their holdings of the business. Johnson Investment Counsel Inc. boosted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 2.0% during the 4th quarter. Johnson Investment Counsel Inc. now owns 42,491 shares of the financial services provider’s stock valued at $526,000 after buying an additional 821 shares in the last quarter. Secure Asset Management LLC boosted its holdings 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 in the last quarter. NewEdge Wealth LLC boosted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 4.0% during the 3rd quarter. NewEdge Wealth LLC now owns 26,100 shares of the financial services provider’s stock valued at $300,000 after buying an additional 1,000 shares in the last quarter. Mutual Advisors LLC boosted its holdings 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 valued at $601,000 after buying an additional 1,011 shares in the last quarter. Finally, Prospera Financial Services Inc boosted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 0.6% during the 3rd quarter. Prospera Financial Services Inc now owns 176,384 shares of the financial services provider’s stock valued at $2,182,000 after buying an additional 1,109 shares in the last quarter.
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.