Short Interest in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Increases By 5.2%

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) saw a significant growth in short interest in September. As of September 30th, there was short interest totalling 122,500 shares, a growth of 5.2% from the September 15th total of 116,500 shares. Based on an average trading volume of 429,200 shares, the days-to-cover ratio is currently 0.3 days.

Kayne Anderson Energy Infrastructure Fund Price Performance

KYN stock traded up $0.08 during midday trading on Wednesday, hitting $11.82. 251,079 shares of the company’s stock were exchanged, compared to its average volume of 473,049. The firm has a 50 day moving average price of $10.95 and a 200-day moving average price of $10.36. Kayne Anderson Energy Infrastructure Fund has a 12-month low of $7.87 and a 12-month high of $11.90.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 8.12%.

Insider Buying and Selling at Kayne Anderson Energy Infrastructure Fund

In other news, major shareholder Metlife Investment Management, purchased 280,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were purchased at an average price of $25.00 per share, with a total value of $7,000,000.00. Following the purchase, the insider now directly owns 280,000 shares of the company’s stock, valued at approximately $7,000,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in KYN. International Assets Investment Management LLC acquired a new position in shares of Kayne Anderson Energy Infrastructure Fund in the 2nd quarter worth approximately $46,000. Eagle Bay Advisors LLC boosted its holdings in Kayne Anderson Energy Infrastructure Fund by 74.4% in the first quarter. Eagle Bay Advisors LLC now owns 7,296 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 3,112 shares during the period. Nomura Holdings Inc. bought a new stake in Kayne Anderson Energy Infrastructure Fund during the fourth quarter valued at $97,000. Bank of New York Mellon Corp acquired a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the second quarter worth $103,000. Finally, SageView Advisory Group LLC bought a new position in shares of Kayne Anderson Energy Infrastructure Fund in the 4th quarter worth about $107,000.

Kayne Anderson Energy Infrastructure Fund Company Profile

Kayne Anderson MLP Investment Company is a closed ended equity mutual fund launched and managed by KA Fund Advisors, LLC. It is co-managed by Kayne Anderson Capital Advisors, L.P. The fund invests in the public equity markets of the United States. It invests in stocks of companies operating in the energy sector.