Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRG) Short Interest Down 42.8% in June

Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRG) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 13,406 shares, a drop of 42.8% from the May 31st total of 23,426 shares. Based on an average trading volume of 15,820 shares, the short-interest ratio is presently 0.8 days. Approximately 0.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CreativeOne Wealth LLC bought a new stake in Simplify Kayne Anderson Energy and Infrastructure Credit ETF during the 4th quarter worth approximately $1,069,000. HB Wealth Management LLC purchased a new position in shares of Simplify Kayne Anderson Energy and Infrastructure Credit ETF during the 1st quarter valued at $808,000. Pekin Hardy Strauss Inc. grew its position in shares of Simplify Kayne Anderson Energy and Infrastructure Credit ETF by 4.3% during the 4th quarter. Pekin Hardy Strauss Inc. now owns 12,075 shares of the company’s stock valued at $312,000 after purchasing an additional 500 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. bought a new position in shares of Simplify Kayne Anderson Energy and Infrastructure Credit ETF in the fourth quarter worth $25,000.

Simplify Kayne Anderson Energy and Infrastructure Credit ETF Price Performance

Shares of KNRG traded up $0.03 during trading hours on Thursday, reaching $25.76. The stock had a trading volume of 8,914 shares, compared to its average volume of 13,469. The firm has a 50-day simple moving average of $25.78 and a 200 day simple moving average of $25.84. Simplify Kayne Anderson Energy and Infrastructure Credit ETF has a 12 month low of $25.21 and a 12 month high of $26.31.

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.