Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Sees Large Increase in Short Interest

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) saw a significant increase in short interest during the month of August. As of August 15th, there was short interest totaling 188,000 shares, anincreaseof82.2% from the July 31st total of 103,200 shares. Based on an average daily volume of 335,400 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 335,400 shares, the days-to-cover ratio is currently 0.6 days.

Insider Buying and Selling

In other Kayne Anderson Energy Infrastructure Fund news, President James C. Baker purchased 25,000 shares of the stock in a transaction on Wednesday, August 20th. The shares were bought at an average cost of $12.20 per share, with a total value of $305,000.00. Following the completion of the acquisition, the president owned 836,040 shares in the company, valued at $10,199,688. This trade represents a 3.08% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have acquired 77,050 shares of company stock valued at $952,740 over the last 90 days.

Institutional Investors Weigh In On Kayne Anderson Energy Infrastructure Fund

Several hedge funds have recently added to or reduced their stakes in KYN. Terril Brothers Inc. boosted its holdings in Kayne Anderson Energy Infrastructure Fund by 133.0% in the second quarter. Terril Brothers Inc. now owns 1,066,750 shares of the financial services provider’s stock valued at $13,570,000 after purchasing an additional 608,995 shares during the last quarter. Bank of America Corp DE boosted its holdings in Kayne Anderson Energy Infrastructure Fund by 7.5% in the fourth quarter. Bank of America Corp DE now owns 4,514,305 shares of the financial services provider’s stock valued at $57,377,000 after purchasing an additional 314,226 shares during the last quarter. Leigh Baldwin & CO. LLC acquired a new position in shares of Kayne Anderson Energy Infrastructure Fund in the fourth quarter worth about $3,849,000. City of London Investment Management Co. Ltd. raised its position in shares of Kayne Anderson Energy Infrastructure Fund by 508.4% in the second quarter. City of London Investment Management Co. Ltd. now owns 343,155 shares of the financial services provider’s stock worth $4,365,000 after acquiring an additional 286,756 shares during the period. Finally, Royal Bank of Canada raised its position in shares of Kayne Anderson Energy Infrastructure Fund by 12.2% in the first quarter. Royal Bank of Canada now owns 2,241,558 shares of the financial services provider’s stock worth $28,760,000 after acquiring an additional 242,905 shares during the period.

Kayne Anderson Energy Infrastructure Fund Stock Down 0.1%

NYSE:KYN opened at $12.26 on Monday. Kayne Anderson Energy Infrastructure Fund has a one year low of $9.82 and a one year high of $13.69. The firm’s fifty day moving average is $12.37 and its two-hundred day moving average is $12.25.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $0.08 dividend. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend is Monday, September 15th.

Kayne Anderson Energy Infrastructure Fund Company Profile

Kayne Anderson MLP Investment Company is a closed ended equity mutual fund launched and managed by KA Fund Advisors, LLC. It is co-managed by Kayne Anderson Capital Advisors, L.P. The fund invests in the public equity markets of the United States. It invests in stocks of companies operating in the energy sector.