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

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) was the target of a large 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 daily volume of 429,200 shares, the short-interest ratio is presently 0.3 days.

Kayne Anderson Energy Infrastructure Fund Stock Performance

NYSE:KYN traded up $0.04 on Friday, reaching $11.72. The stock had a trading volume of 67,300 shares, compared to its average volume of 470,763. Kayne Anderson Energy Infrastructure Fund has a 12-month low of $7.87 and a 12-month high of $11.90. The company has a 50-day moving average of $11.00 and a 200 day moving average of $10.38.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 8.19%. The ex-dividend date of this dividend is Friday, November 15th.

Insider Activity

In other Kayne Anderson Energy Infrastructure Fund news, major shareholder Metlife Investment Management, purchased 280,000 shares of Kayne Anderson Energy Infrastructure Fund stock in a transaction on Wednesday, September 18th. The shares were purchased at an average cost of $25.00 per share, with a total value of $7,000,000.00. Following the completion of the transaction, the insider now directly owns 280,000 shares in the company, valued at approximately $7,000,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Institutional Trading of Kayne Anderson Energy Infrastructure Fund

A number of hedge funds have recently made changes to their positions in KYN. Cetera Investment Advisers increased its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 0.9% in the 2nd quarter. Cetera Investment Advisers now owns 5,923,852 shares of the financial services provider’s stock valued at $61,193,000 after acquiring an additional 51,554 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 4.6% during the first quarter. Advisors Asset Management Inc. now owns 1,985,548 shares of the financial services provider’s stock worth $19,875,000 after purchasing an additional 88,170 shares during the period. Cadent Capital Advisors LLC lifted its position in shares of Kayne Anderson Energy Infrastructure Fund by 2.6% in the 1st quarter. Cadent Capital Advisors LLC now owns 878,977 shares of the financial services provider’s stock worth $8,799,000 after buying an additional 22,067 shares during the last quarter. WNY Asset Management LLC boosted its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 5.7% in the 1st quarter. WNY Asset Management LLC now owns 519,498 shares of the financial services provider’s stock valued at $5,200,000 after buying an additional 28,075 shares during the period. Finally, Garner Asset Management Corp grew its position in shares of Kayne Anderson Energy Infrastructure Fund by 4.3% during the 2nd quarter. Garner Asset Management Corp now owns 308,818 shares of the financial services provider’s stock valued at $3,190,000 after buying an additional 12,591 shares during the last quarter.

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.