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

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYNGet Rating) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totalling 198,400 shares, an increase of 131.2% from the April 15th total of 85,800 shares. Based on an average daily volume of 791,900 shares, the short-interest ratio is presently 0.3 days.

Shares of NYSE KYN traded up $0.32 during mid-day trading on Friday, hitting $8.98. The stock had a trading volume of 571,327 shares, compared to its average volume of 801,189. The company has a 50 day moving average of $8.99 and a two-hundred day moving average of $8.48. Kayne Anderson Energy Infrastructure Fund has a twelve month low of $7.26 and a twelve month high of $9.75.

The company also recently announced a dividend, which was paid on Monday, April 18th. Investors of record on Monday, April 11th were given a $0.20 dividend. This represents a dividend yield of 8.52%. This is an increase from Kayne Anderson Energy Infrastructure Fund’s previous dividend of $0.12. The ex-dividend date was Friday, April 8th.

In other news, insider Kayne Anderson Capital Advisor sold 54,040 shares of the stock in a transaction on Wednesday, March 9th. The stock was sold at an average price of $8.47, for a total transaction of $457,718.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KYN. CWM LLC acquired a new stake in Kayne Anderson Energy Infrastructure Fund during the 4th quarter worth about $26,000. Cullen Frost Bankers Inc. grew its position in Kayne Anderson Energy Infrastructure Fund by 532.7% during the 4th quarter. Cullen Frost Bankers Inc. now owns 3,429 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 2,887 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Kayne Anderson Energy Infrastructure Fund by 245.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,456 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 2,456 shares during the period. Paragon Capital Management Ltd acquired a new stake in Kayne Anderson Energy Infrastructure Fund during the 4th quarter worth about $42,000. Finally, Lindbrook Capital LLC grew its position in Kayne Anderson Energy Infrastructure Fund by 1,250.0% during the 1st quarter. Lindbrook Capital LLC now owns 5,400 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 5,000 shares during the period.

About Kayne Anderson Energy Infrastructure Fund (Get Rating)

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.

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