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

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 236,901 shares, an increase of 87.4% from the September 30th total of 126,387 shares. Based on an average trading volume of 279,764 shares, the short-interest ratio is currently 0.8 days.

Kayne Anderson Energy Infrastructure Fund Stock Performance

KYN stock opened at $14.83 on Friday. The company has a 50 day moving average price of $14.39 and a 200 day moving average price of $14.02. Kayne Anderson Energy Infrastructure Fund has a fifty-two week low of $11.31 and a fifty-two week high of $15.17.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Thursday, October 15th were paid a $0.0950 dividend. This is an increase from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.09. The ex-dividend date of this dividend was Thursday, October 15th. This represents a $1.14 annualized dividend and a dividend yield of 7.7%.

Insider Activity

In related news, Director Carita Walker bought 3,400 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction dated Thursday, August 20th. The shares were bought at an average cost of $14.70 per share, for a total transaction of $49,980.00. Following the completion of the transaction, the director owned 3,400 shares of the company’s stock, valued at approximately $49,980. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Institutional Investors Weigh In On Kayne Anderson Energy Infrastructure Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the company. City of London Investment Management Co. Ltd. boosted its holdings in Kayne Anderson Energy Infrastructure Fund by 1.4% during the third quarter. City of London Investment Management Co. Ltd. now owns 3,635,032 shares of the financial services provider’s stock worth $49,436,000 after buying an additional 50,339 shares during the last quarter. MGO One Seven LLC increased its stake in Kayne Anderson Energy Infrastructure Fund by 1.8% during the 3rd quarter. MGO One Seven LLC now owns 175,197 shares of the financial services provider’s stock worth $2,383,000 after purchasing an additional 3,164 shares in the last quarter. Blueprint Investment Partners LLC raised its holdings in Kayne Anderson Energy Infrastructure Fund by 53.9% during the 3rd quarter. Blueprint Investment Partners LLC now owns 28,653 shares of the financial services provider’s stock worth $390,000 after buying an additional 10,033 shares during the period. Blueprint Financial Advisors LLC raised its holdings in Kayne Anderson Energy Infrastructure Fund by 54.0% during the 3rd quarter. Blueprint Financial Advisors LLC now owns 28,669 shares of the financial services provider’s stock worth $390,000 after buying an additional 10,049 shares during the period. Finally, Flagship Harbor Advisors LLC raised its holdings in Kayne Anderson Energy Infrastructure Fund by 4.6% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 321,508 shares of the financial services provider’s stock worth $4,373,000 after buying an additional 14,076 shares during the period.

Kayne Anderson Energy Infrastructure Fund Company Profile

Kayne Anderson Energy Infrastructure Fund (NYSE: KYN) is a publicly traded closed-end investment company focused on the energy infrastructure sector. The fund invests primarily in companies that own or operate infrastructure used to gather, process, transport, store and distribute energy, including master limited partnerships (MLPs) and publicly traded corporations.

KYN’s portfolio may include midstream energy businesses involved in oil, natural gas and natural gas liquids, as well as companies participating in related infrastructure and energy-transition activities.