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 increase in short interest in the month of December. As of December 31st, there was short interest totaling 104,010 shares, an increase of 22.7% from the December 15th total of 84,761 shares. Based on an average daily volume of 332,856 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 332,856 shares, the days-to-cover ratio is presently 0.3 days.

Kayne Anderson Energy Infrastructure Fund Trading Down 2.1%

Shares of Kayne Anderson Energy Infrastructure Fund stock opened at $12.33 on Wednesday. The stock has a fifty day simple moving average of $12.13 and a 200 day simple moving average of $12.14. Kayne Anderson Energy Infrastructure Fund has a 12-month low of $9.82 and a 12-month high of $13.65.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be issued a $0.085 dividend. This is an increase from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.08. This represents a c) annualized dividend and a dividend yield of 8.3%. The ex-dividend date is Thursday, January 15th.

Insider Buying and Selling

In other Kayne Anderson Energy Infrastructure Fund news, President James C. Baker purchased 25,000 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was acquired at an average price of $11.74 per share, for a total transaction of $293,500.00. Following the purchase, the president owned 886,040 shares of the company’s stock, valued at $10,402,109.60. This trade represents a 2.90% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. grew its position in Kayne Anderson Energy Infrastructure Fund by 3.5% during the second quarter. D.A. Davidson & CO. now owns 25,623 shares of the financial services provider’s stock valued at $326,000 after buying an additional 875 shares during the period. Baker Avenue Asset Management LP purchased a new position in Kayne Anderson Energy Infrastructure Fund in the second quarter valued at about $722,000. DAVENPORT & Co LLC grew its position in shares of Kayne Anderson Energy Infrastructure Fund by 14.5% during the 2nd quarter. DAVENPORT & Co LLC now owns 14,310 shares of the financial services provider’s stock valued at $182,000 after acquiring an additional 1,811 shares during the period. Farther Finance Advisors LLC grew its position in shares of Kayne Anderson Energy Infrastructure Fund by 490.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 26,734 shares of the financial services provider’s stock valued at $340,000 after acquiring an additional 22,209 shares during the period. Finally, ORG Wealth Partners LLC increased its stake in shares of Kayne Anderson Energy Infrastructure Fund by 38.1% during the 3rd quarter. ORG Wealth Partners LLC now owns 187,911 shares of the financial services provider’s stock worth $2,324,000 after purchasing an additional 51,880 shares during the last quarter.

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.