Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Stock Short Interest Report for September

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) saw a large drop in short interest in September. As of September 30th, there was short interest totaling 126,387 shares, a drop of 50.1% from the September 15th total of 253,417 shares. Based on an average daily trading volume, of 322,542 shares, the days-to-cover ratio is currently 0.4 days.

Kayne Anderson Energy Infrastructure Fund Stock Performance

Shares of NYSE KYN traded down $0.10 during trading on Wednesday, reaching $14.24. 182,261 shares of the company traded hands, compared to its average volume of 395,606. The firm has a 50 day simple moving average of $14.48 and a 200-day simple moving average of $14.17. Kayne Anderson Energy Infrastructure Fund has a 52-week low of $11.31 and a 52-week high of $15.17.

Kayne Anderson Energy Infrastructure Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be issued a dividend of $0.0950 per share. The ex-dividend date of this dividend is Thursday, October 15th. This is a positive change from Kayne Anderson Energy Infrastructure Fund’s previous monthly dividend of $0.09. This represents a $1.14 annualized dividend and a dividend yield of 8.0%.

Insider Buying and Selling

In other Kayne Anderson Energy Infrastructure Fund news, Director Carita Walker bought 3,400 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was acquired at an average price of $14.70 per share, with a total value of $49,980.00. Following the transaction, the director owned 3,400 shares in the company, valued at $49,980. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE bought a new position in Kayne Anderson Energy Infrastructure Fund in the second quarter worth approximately $62,027,000. Brown Advisory Inc. purchased a new position in shares of Kayne Anderson Energy Infrastructure Fund during the 4th quarter worth $33,366,000. Rivernorth Capital Management LLC boosted its stake in shares of Kayne Anderson Energy Infrastructure Fund by 0.6% during the 2nd quarter. Rivernorth Capital Management LLC now owns 697,198 shares of the financial services provider’s stock worth $9,642,000 after acquiring an additional 4,302 shares during the last quarter. Bard Associates Inc. purchased a new position in shares of Kayne Anderson Energy Infrastructure Fund during the 2nd quarter worth $8,637,000. Finally, Commerce Bank bought a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the 2nd quarter valued at $5,691,000.

About Kayne Anderson Energy Infrastructure Fund

Kayne Anderson Energy Infrastructure Fund, Inc (NYSE: KYN) is a closed-end investment company that seeks to provide investors with total return through investments in energy infrastructure companies. The fund primarily targets businesses involved in the transportation, storage, processing and distribution of energy and related commodities.

KYN invests across the energy infrastructure sector, including midstream energy companies, master limited partnerships and corporations. Its portfolio may also include companies involved in natural gas, crude oil, refined products, power generation, utilities, renewable energy and other infrastructure assets that support the broader energy system.

The fund is advised by Kayne Anderson Fund Advisors, LLC, an affiliate of Kayne Anderson Capital Advisors, a private investment firm specializing in energy infrastructure and related industries.