Kayne Anderson NextGen Energy & Infrastructure, Inc. (NYSE:KMF) Sees Large Growth in Short Interest

Kayne Anderson NextGen Energy & Infrastructure, Inc. (NYSE:KMF – Get Rating) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 12,100 shares, an increase of 108.6% from the February 13th total of 5,800 shares. Based on an average trading volume of 112,900 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Kayne Anderson NextGen Energy & Infrastructure

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Tanglewood Legacy Advisors LLC acquired a new position in shares of Kayne Anderson NextGen Energy & Infrastructure in the 4th quarter worth approximately $30,000. JPMorgan Chase & Co. acquired a new position in Kayne Anderson NextGen Energy & Infrastructure in the fourth quarter valued at $31,000. Elequin Securities LLC bought a new stake in Kayne Anderson NextGen Energy & Infrastructure during the fourth quarter valued at $37,000. SRS Capital Advisors Inc. acquired a new stake in Kayne Anderson NextGen Energy & Infrastructure during the 2nd quarter worth about $39,000. Finally, Cetera Investment Advisers bought a new position in shares of Kayne Anderson NextGen Energy & Infrastructure in the 4th quarter worth about $86,000.

Kayne Anderson NextGen Energy & Infrastructure Trading Down 2.8 %

Shares of NYSE:KMF opened at $7.07 on Monday. Kayne Anderson NextGen Energy & Infrastructure has a 52 week low of $6.93 and a 52 week high of $9.05. The firm’s fifty day moving average is $7.61 and its 200-day moving average is $7.74.

Kayne Anderson NextGen Energy & Infrastructure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 11th. Stockholders of record on Wednesday, January 4th were paid a $0.16 dividend. The ex-dividend date was Tuesday, January 3rd. This represents a $0.64 annualized dividend and a dividend yield of 9.05%.

Kayne Anderson NextGen Energy & Infrastructure Company Profile

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Kayne Anderson NextGen Energy & Infrastructure, Inc is a closed-end management investment company. The firm focuses in securities of companies in the midstream and energy sector, consisting of Midstream Master Limited Partnerships (MLPs), Midstream Companies, Other MLPs, and Other Energy Companies. It intends to provide a high level of total return with an emphasis on making quarterly cash distributions to its stockholders.