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

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 67,029 shares, a decline of 58.6% from the May 31st total of 161,847 shares. Based on an average daily volume of 328,211 shares, the days-to-cover ratio is presently 0.2 days.

Kayne Anderson Energy Infrastructure Fund Price Performance

Shares of NYSE:KYN traded up $0.04 during trading hours on Tuesday, hitting $13.83. The stock had a trading volume of 371,369 shares, compared to its average volume of 440,160. The stock’s fifty day simple moving average is $13.86 and its 200 day simple moving average is $13.45. Kayne Anderson Energy Infrastructure Fund has a 1-year low of $11.31 and a 1-year high of $14.69.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a $0.09 dividend. This is a positive change from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.09. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 7.8%.

Insider Buying and Selling at Kayne Anderson Energy Infrastructure Fund

In other news, President James C. Baker acquired 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 8th. The shares were acquired at an average price of $13.67 per share, with a total value of $341,750.00. Following the acquisition, the president directly owned 978,019 shares in the company, valued at approximately $13,369,519.73. The trade was a 2.62% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Austin Colby Parker acquired 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was purchased at an average price of $13.99 per share, for a total transaction of $34,975.00. Following the completion of the transaction, the chief financial officer owned 14,623 shares in the company, valued at $204,575.77. The trade was a 20.62% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have acquired 81,121 shares of company stock worth $1,103,481.

Institutional Trading of Kayne Anderson Energy Infrastructure Fund

Hedge funds have recently added to or reduced their stakes in the business. Johnson Investment Counsel Inc. grew its position in 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 worth $526,000 after purchasing an additional 821 shares in the last quarter. Secure Asset Management LLC lifted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 0.9% in the fourth quarter. Secure Asset Management LLC now owns 90,275 shares of the financial services provider’s stock valued at $1,118,000 after purchasing an additional 827 shares in the last quarter. Chicago Partners Investment Group LLC lifted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 3.4% in the first quarter. Chicago Partners Investment Group LLC now owns 28,888 shares of the financial services provider’s stock valued at $389,000 after purchasing an additional 947 shares in the last quarter. Mutual Advisors LLC boosted its position in shares of Kayne Anderson Energy Infrastructure Fund by 2.1% in the fourth quarter. Mutual Advisors LLC now owns 48,516 shares of the financial services provider’s stock worth $601,000 after buying an additional 1,011 shares during the period. Finally, Bridgewater Advisors Inc. boosted its position in shares of Kayne Anderson Energy Infrastructure Fund by 0.6% in the first quarter. Bridgewater Advisors Inc. now owns 190,006 shares of the financial services provider’s stock worth $2,683,000 after buying an additional 1,073 shares during the period.

About Kayne Anderson Energy Infrastructure Fund

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.