Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Short Interest Update

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 278,797 shares, a growth of 315.9% from the June 15th total of 67,029 shares. Based on an average daily volume of 435,959 shares, the days-to-cover ratio is currently 0.6 days.

Kayne Anderson Energy Infrastructure Fund Stock Performance

Shares of NYSE KYN traded up $0.25 during trading on Monday, hitting $14.39. The stock had a trading volume of 374,218 shares, compared to its average volume of 430,951. The firm has a fifty day moving average of $13.94 and a two-hundred day moving average of $13.59. Kayne Anderson Energy Infrastructure Fund has a 12 month low of $11.31 and a 12 month high of $14.69.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a dividend of $0.09 per share. This represents a c) annualized dividend and a yield of 7.5%. This is a boost from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.09. The ex-dividend date is Wednesday, July 15th.

Insider Buying and Selling

In related news, Director Michael J. Hennigan purchased 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The stock was acquired at an average price of $13.57 per share, for a total transaction of $203,550.00. Following the completion of the acquisition, the director owned 20,000 shares of the company’s stock, valued at $271,400. This represents a 300.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President James C. Baker purchased 25,000 shares of the stock in a transaction that occurred on Monday, April 27th. The stock was bought at an average cost of $13.57 per share, with a total value of $339,250.00. Following the completion of the transaction, the president directly owned 1,003,019 shares in the company, valued at $13,610,967.83. The trade was a 2.56% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have purchased 56,121 shares of company stock valued at $761,731.

Institutional Investors Weigh In On Kayne Anderson Energy Infrastructure Fund

A number of institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP lifted its position in shares of Kayne Anderson Energy Infrastructure Fund by 5,166.7% during the 4th quarter. Allworth Financial LP now owns 3,160 shares of the financial services provider’s stock worth $39,000 after buying an additional 3,100 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the fourth quarter valued at approximately $61,000. JPMorgan Chase & Co. increased its position in shares of Kayne Anderson Energy Infrastructure Fund by 114,616.7% during the second quarter. JPMorgan Chase & Co. now owns 6,883 shares of the financial services provider’s stock valued at $88,000 after acquiring an additional 6,877 shares during the last quarter. Brown Advisory Inc. bought a new stake in Kayne Anderson Energy Infrastructure Fund during the second quarter worth $105,000. Finally, Fortis Capital Management LLC bought a new stake in Kayne Anderson Energy Infrastructure Fund during the fourth quarter worth $124,000.

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.