Short Interest in Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRG) Rises By 105.0%

Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRG) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totaling 3,598 shares, a growth of 105.0% from the March 31st total of 1,755 shares. Based on an average daily volume of 12,138 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

Simplify Kayne Anderson Energy and Infrastructure Credit ETF Stock Up 0.5%

KNRG stock traded up $0.12 during midday trading on Friday, reaching $25.99. The company had a trading volume of 15,142 shares, compared to its average volume of 12,208. Simplify Kayne Anderson Energy and Infrastructure Credit ETF has a 1 year low of $25.05 and a 1 year high of $26.31. The company has a 50 day moving average of $25.82 and a two-hundred day moving average of $25.89.

Institutional Trading of Simplify Kayne Anderson Energy and Infrastructure Credit ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Hazlett Burt & Watson Inc. acquired a new stake in Simplify Kayne Anderson Energy and Infrastructure Credit ETF during the fourth quarter valued at $25,000. Pekin Hardy Strauss Inc. purchased a new position in Simplify Kayne Anderson Energy and Infrastructure Credit ETF in the third quarter valued at about $301,000. Finally, CreativeOne Wealth LLC acquired a new position in Simplify Kayne Anderson Energy and Infrastructure Credit ETF in the 4th quarter worth about $1,069,000.

About Simplify Kayne Anderson Energy and Infrastructure Credit ETF

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.