Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Short Interest Up 66.1% in July

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 463,207 shares, an increase of 66.1% from the June 30th total of 278,797 shares. Based on an average daily volume of 295,895 shares, the days-to-cover ratio is currently 1.6 days.

Insider Buying and Selling at Kayne Anderson Energy Infrastructure Fund

In other news, CFO Austin Colby Parker purchased 2,500 shares of the stock in a transaction dated Wednesday, May 13th. The shares were bought at an average cost of $13.99 per share, for a total transaction of $34,975.00. Following the transaction, the chief financial officer owned 14,623 shares in the company, valued at $204,575.77. This trade represents a 20.62% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Holli C. Ladhani acquired 3,621 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was purchased at an average cost of $13.81 per share, for a total transaction of $50,006.01. Following the purchase, the director directly owned 7,221 shares in the company, valued at approximately $99,722.01. This represents a 100.58% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders bought 26,121 shares of company stock valued at $356,531.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 114,616.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,883 shares of the financial services provider’s stock worth $88,000 after acquiring an additional 6,877 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 3.7% during the second quarter. First Trust Advisors LP now owns 94,074 shares of the financial services provider’s stock valued at $1,197,000 after purchasing an additional 3,384 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 13.5% during the second quarter. Baird Financial Group Inc. now owns 46,014 shares of the financial services provider’s stock valued at $585,000 after purchasing an additional 5,463 shares during the last quarter. Brown Advisory Inc. acquired a new position in shares of Kayne Anderson Energy Infrastructure Fund in the 2nd quarter valued at $105,000. Finally, Cresset Asset Management LLC acquired a new position in shares of Kayne Anderson Energy Infrastructure Fund in the 2nd quarter valued at $164,000.

Kayne Anderson Energy Infrastructure Fund Price Performance

NYSE KYN traded up $0.13 on Friday, reaching $14.62. The company’s stock had a trading volume of 392,031 shares, compared to its average volume of 430,431. Kayne Anderson Energy Infrastructure Fund has a twelve month low of $11.31 and a twelve month high of $15.17. The firm’s 50 day moving average is $14.06 and its two-hundred day moving average is $13.81.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a dividend of $0.09 per share. The ex-dividend date is Wednesday, July 15th. This is a positive change from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.09. This represents a c) dividend on an annualized basis and a yield of 7.4%.

About Kayne Anderson Energy Infrastructure Fund

The Kayne Anderson Energy Infrastructure Fund, Inc (NYSE: KYN) is a closed-end management investment company that focuses on energy infrastructure assets. The fund’s portfolio is primarily composed of equity securities of publicly traded partnerships—including master limited partnerships (MLPs)—and other energy-related companies. Key sectors in its midstream-oriented strategy include the transportation, storage, processing and distribution of natural gas, crude oil and refined products.

Since commencing operations in 2014, Kayne Anderson Energy Infrastructure Fund has pursued a dual objective of current income generation and long-term capital appreciation.