Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRG) Short Interest Up 86.9% in May

Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRG) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 23,426 shares, a growth of 86.9% from the May 14th total of 12,532 shares. Based on an average daily volume of 12,047 shares, the short-interest ratio is currently 1.9 days. Currently, 0.4% of the company’s shares are sold short.

Simplify Kayne Anderson Energy and Infrastructure Credit ETF Stock Up 0.0%

NYSEARCA:KNRG traded up $0.01 during trading hours on Tuesday, hitting $25.85. The stock had a trading volume of 111,966 shares, compared to its average volume of 14,096. Simplify Kayne Anderson Energy and Infrastructure Credit ETF has a one year low of $25.21 and a one year high of $26.31. The business’s 50 day moving average is $25.79 and its 200-day moving average is $25.86.

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

Several large investors have recently bought and sold shares of KNRG. Pekin Hardy Strauss Inc. bought a new stake in Simplify Kayne Anderson Energy and Infrastructure Credit ETF in the third quarter valued at approximately $301,000. Hazlett Burt & Watson Inc. bought a new stake in Simplify Kayne Anderson Energy and Infrastructure Credit ETF in the fourth quarter valued at approximately $25,000. CreativeOne Wealth LLC bought a new stake in Simplify Kayne Anderson Energy and Infrastructure Credit ETF in the fourth quarter valued at approximately $1,069,000. Finally, HB Wealth Management LLC bought a new stake in Simplify Kayne Anderson Energy and Infrastructure Credit ETF in the first quarter valued at approximately $808,000.

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.