Kayne Anderson NextGen Energy & Infrastructure, Inc. (NYSE:KMF) Short Interest Up 273.2% in May

Kayne Anderson NextGen Energy & Infrastructure, Inc. (NYSE:KMFGet Rating) saw a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 111,600 shares, an increase of 273.2% from the May 15th total of 29,900 shares. Based on an average daily volume of 155,100 shares, the short-interest ratio is currently 0.7 days.

A number of hedge funds have recently modified their holdings of the stock. Bank of America Corp DE grew its stake in shares of Kayne Anderson NextGen Energy & Infrastructure by 2.0% in the first quarter. Bank of America Corp DE now owns 129,592 shares of the closed-end fund’s stock worth $1,110,000 after acquiring an additional 2,518 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Kayne Anderson NextGen Energy & Infrastructure by 0.3% in the first quarter. Advisors Asset Management Inc. now owns 884,891 shares of the closed-end fund’s stock worth $7,584,000 after acquiring an additional 2,992 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Kayne Anderson NextGen Energy & Infrastructure by 1.7% in the first quarter. Royal Bank of Canada now owns 205,487 shares of the closed-end fund’s stock worth $1,761,000 after acquiring an additional 3,461 shares during the last quarter. Saba Capital Management L.P. purchased a new stake in shares of Kayne Anderson NextGen Energy & Infrastructure in the first quarter worth $1,861,000. Finally, Nations Financial Group Inc. IA ADV purchased a new stake in shares of Kayne Anderson NextGen Energy & Infrastructure in the first quarter worth $320,000.

KMF stock traded down $0.16 during midday trading on Friday, hitting $8.52. The stock had a trading volume of 107,566 shares, compared to its average volume of 155,619. The business has a 50-day moving average of $8.39 and a two-hundred day moving average of $7.82. Kayne Anderson NextGen Energy & Infrastructure has a 52-week low of $6.77 and a 52-week high of $9.01.

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 19th. Investors of record on Monday, April 11th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 7.51%. This is a boost from Kayne Anderson NextGen Energy & Infrastructure’s previous quarterly dividend of $0.14. The ex-dividend date was Friday, April 8th.

Kayne Anderson NextGen Energy & Infrastructure Company Profile (Get Rating)

Kayne Anderson NextGen Energy & Infrastructure, Inc is a close-ended equity mutual fund launched and managed by KA Fund Advisors, LLC. It invests in public equity markets of North America. The fund primarily invests in companies in the midstream/energy sector consisting of Midstream MLPs, Midstream Companies, Other MLPs and Other Energy companies.

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