Short Interest in Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Expands By 72.9%

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 60,000 shares, an increase of 72.9% from the February 28th total of 34,700 shares. Based on an average daily trading volume, of 450,000 shares, the short-interest ratio is currently 0.1 days.

Kayne Anderson Energy Infrastructure Fund Stock Up 0.6 %

KYN stock opened at $12.90 on Monday. The firm’s fifty day simple moving average is $12.88 and its 200-day simple moving average is $12.49. Kayne Anderson Energy Infrastructure Fund has a 12 month low of $9.29 and a 12 month high of $13.69.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.08 per share. This represents a $0.96 annualized dividend and a yield of 7.44%. The ex-dividend date is Friday, March 14th.

Insiders Place Their Bets

In other news, EVP Harrison James Little acquired 5,000 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction dated Friday, January 17th. The stock was purchased at an average cost of $13.04 per share, for a total transaction of $65,200.00. Following the completion of the purchase, the executive vice president now directly owns 5,000 shares in the company, valued at $65,200. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President James C. Baker bought 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of $12.27 per share, for a total transaction of $245,400.00. Following the transaction, the president now owns 720,939 shares of the company’s stock, valued at $8,845,921.53. The trade was a 2.85 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 45,000 shares of company stock valued at $562,600.

Hedge Funds Weigh In On Kayne Anderson Energy Infrastructure Fund

A number of institutional investors have recently modified their holdings of KYN. Bank of America Corp DE raised its position in Kayne Anderson Energy Infrastructure Fund by 7.5% during the fourth quarter. Bank of America Corp DE now owns 4,514,305 shares of the financial services provider’s stock valued at $57,377,000 after acquiring an additional 314,226 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Kayne Anderson Energy Infrastructure Fund during the 4th quarter valued at approximately $33,724,000. Wells Fargo & Company MN increased its position in shares of Kayne Anderson Energy Infrastructure Fund by 42.0% in the fourth quarter. Wells Fargo & Company MN now owns 2,619,843 shares of the financial services provider’s stock valued at $33,298,000 after buying an additional 774,922 shares in the last quarter. Stansberry Asset Management LLC raised its stake in shares of Kayne Anderson Energy Infrastructure Fund by 2.1% during the 3rd quarter. Stansberry Asset Management LLC now owns 1,156,505 shares of the financial services provider’s stock worth $12,722,000 after buying an additional 23,867 shares during the period. Finally, Stifel Financial Corp raised its position in Kayne Anderson Energy Infrastructure Fund by 10.3% during the fourth quarter. Stifel Financial Corp now owns 1,002,248 shares of the financial services provider’s stock worth $12,739,000 after acquiring an additional 93,190 shares during the period.

About Kayne Anderson Energy Infrastructure Fund

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.