Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRG) Sees Significant Increase in Short Interest

Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRG) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 4,728 shares, an increase of 239.4% from the December 31st total of 1,393 shares. Based on an average daily trading volume, of 3,971 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.7% of the company’s shares are short sold. Currently, 0.7% of the company’s shares are short sold. Based on an average daily trading volume, of 3,971 shares, the days-to-cover ratio is currently 1.2 days.

Simplify Kayne Anderson Energy and Infrastructure Credit ETF Trading Up 0.2%

KNRG traded up $0.05 during trading on Friday, hitting $26.00. 28,129 shares of the stock traded hands, compared to its average volume of 7,476. Simplify Kayne Anderson Energy and Infrastructure Credit ETF has a 12-month low of $25.05 and a 12-month high of $26.31. The firm has a 50-day moving average of $25.92 and a 200 day moving average of $25.87.

Institutional Investors Weigh In On Simplify Kayne Anderson Energy and Infrastructure Credit ETF

An institutional investor recently bought a new position in Simplify Kayne Anderson Energy and Infrastructure Credit ETF stock. Pekin Hardy Strauss Inc. bought a new stake in shares of Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRG) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,575 shares of the company’s stock, valued at approximately $301,000. Pekin Hardy Strauss Inc. owned 2.10% of Simplify Kayne Anderson Energy and Infrastructure Credit ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Simplify Kayne Anderson Energy and Infrastructure Credit ETF Company Profile

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.