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

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totalling 122,500 shares, an increase of 5.2% from the September 15th total of 116,500 shares. Based on an average daily volume of 429,200 shares, the days-to-cover ratio is currently 0.3 days.

Kayne Anderson Energy Infrastructure Fund Stock Performance

Shares of KYN stock traded up $0.04 on Friday, reaching $11.72. 67,300 shares of the company’s stock traded hands, compared to its average volume of 470,763. Kayne Anderson Energy Infrastructure Fund has a 12-month low of $7.87 and a 12-month high of $11.90. The business’s 50 day moving average price is $11.00 and its two-hundred day moving average price is $10.38.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.96 annualized dividend and a yield of 8.19%.

Insider Buying and Selling at Kayne Anderson Energy Infrastructure Fund

In other news, major shareholder Metlife Investment Management, acquired 280,000 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was acquired at an average price of $25.00 per share, for a total transaction of $7,000,000.00. Following the completion of the acquisition, the insider now directly owns 280,000 shares in the company, valued at $7,000,000. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Hedge Funds Weigh In On Kayne Anderson Energy Infrastructure Fund

A number of large investors have recently made changes to their positions in KYN. International Assets Investment Management LLC acquired a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the second quarter worth approximately $46,000. Eagle Bay Advisors LLC boosted its stake in shares of Kayne Anderson Energy Infrastructure Fund by 74.4% during the 1st quarter. Eagle Bay Advisors LLC now owns 7,296 shares of the financial services provider’s stock valued at $73,000 after buying an additional 3,112 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Kayne Anderson Energy Infrastructure Fund during the 2nd quarter valued at $103,000. Nomura Holdings Inc. acquired a new stake in Kayne Anderson Energy Infrastructure Fund during the fourth quarter valued at $97,000. Finally, Rockwood Wealth Management LLC purchased a new position in Kayne Anderson Energy Infrastructure Fund in the second quarter valued at about $122,000.

About Kayne Anderson Energy Infrastructure Fund

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.