Short Interest in Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRG) Expands By 207.4%

Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRG) saw a large increase in short interest in April. As of April 30th, there was short interest totaling 11,060 shares, an increase of 207.4% from the April 15th total of 3,598 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 10,304 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Trading of Simplify Kayne Anderson Energy and Infrastructure Credit ETF

Several large investors have recently made changes to their positions in KNRG. CreativeOne Wealth LLC bought a new stake in shares of Simplify Kayne Anderson Energy and Infrastructure Credit ETF during the 4th quarter worth about $1,069,000. HB Wealth Management LLC bought a new stake in shares of Simplify Kayne Anderson Energy and Infrastructure Credit ETF during the 1st quarter worth about $808,000. Pekin Hardy Strauss Inc. bought a new stake in Simplify Kayne Anderson Energy and Infrastructure Credit ETF during the 3rd quarter valued at approximately $301,000. Finally, Hazlett Burt & Watson Inc. bought a new stake in Simplify Kayne Anderson Energy and Infrastructure Credit ETF during the 4th quarter valued at approximately $25,000.

Simplify Kayne Anderson Energy and Infrastructure Credit ETF Stock Performance

Shares of KNRG traded down $0.08 during trading hours on Friday, hitting $25.74. 52,264 shares of the company were exchanged, compared to its average volume of 13,050. The firm’s 50 day moving average is $25.74 and its 200-day moving average is $25.87. Simplify Kayne Anderson Energy and Infrastructure Credit ETF has a 52 week low of $25.05 and a 52 week high of $26.31.

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.