Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRG) Short Interest Up 44.0% in February

Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRG) was the recipient of a large increase in short interest in February. As of February 27th, there was short interest totaling 19,394 shares, an increase of 44.0% from the February 12th total of 13,471 shares. Based on an average daily volume of 6,410 shares, the days-to-cover ratio is presently 3.0 days. Currently, 2.6% of the company’s stock are short sold. Currently, 2.6% of the company’s stock are short sold. Based on an average daily volume of 6,410 shares, the days-to-cover ratio is presently 3.0 days.

Simplify Kayne Anderson Energy and Infrastructure Credit ETF Stock Down 0.3%

KNRG stock opened at $25.70 on Monday. Simplify Kayne Anderson Energy and Infrastructure Credit ETF has a twelve month low of $25.05 and a twelve month high of $26.31. The business has a 50 day moving average of $25.99 and a 200 day moving average of $25.95.

Hedge Funds Weigh In On Simplify Kayne Anderson Energy and Infrastructure Credit ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Hazlett Burt & Watson Inc. bought a new position in Simplify Kayne Anderson Energy and Infrastructure Credit ETF in the 4th quarter worth about $25,000. Pekin Hardy Strauss Inc. bought a new stake in Simplify Kayne Anderson Energy and Infrastructure Credit ETF during the 3rd quarter valued at about $301,000. Finally, CreativeOne Wealth LLC purchased a new position in Simplify Kayne Anderson Energy and Infrastructure Credit ETF in the fourth quarter worth about $1,069,000.

About Simplify Kayne Anderson Energy and Infrastructure Credit ETF

KNRG is an actively managed ETF that seeks to deliver attractive monthly income by investing in credit instruments of energy and infrastructure companies. This includes bonds, notes, loans, and hybrid or preferred shares. The fund focuses on instruments that offer higher yields and higher credit quality compared to traditional high-yield bond indices.