Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Short Interest Up 131.3% in March

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 138,800 shares, an increase of 131.3% from the March 15th total of 60,000 shares. Based on an average daily volume of 515,900 shares, the days-to-cover ratio is presently 0.3 days.

Insiders Place Their Bets

In other news, President James C. Baker purchased 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average cost of $12.27 per share, with a total value of $245,400.00. Following the acquisition, the president now owns 720,939 shares in the company, valued at approximately $8,845,921.53. This trade represents a 2.85 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased a total of 94,350 shares of company stock valued at $1,115,047 over the last ninety days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in KYN. NBC Securities Inc. raised its position in shares of Kayne Anderson Energy Infrastructure Fund by 72,500.0% in the first quarter. NBC Securities Inc. now owns 2,178 shares of the financial services provider’s stock valued at $27,000 after buying an additional 2,175 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Kayne Anderson Energy Infrastructure Fund by 452,400.0% in the 1st quarter. Farther Finance Advisors LLC now owns 4,525 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 4,524 shares in the last quarter. Means Investment CO. Inc. bought a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the 4th quarter valued at $127,000. Mengis Capital Management Inc. acquired a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the 4th quarter worth $128,000. Finally, Powell Investment Advisors LLC bought a new position in shares of Kayne Anderson Energy Infrastructure Fund in the fourth quarter worth $136,000.

Kayne Anderson Energy Infrastructure Fund Trading Up 1.5 %

KYN stock opened at $11.74 on Friday. Kayne Anderson Energy Infrastructure Fund has a fifty-two week low of $9.40 and a fifty-two week high of $13.69. The business’s fifty day moving average price is $12.32 and its two-hundred day moving average price is $12.51.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be paid a $0.08 dividend. This represents a $0.96 annualized dividend and a yield of 8.18%. The ex-dividend date is Tuesday, April 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.