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

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYNGet Free Report) was the target of a large decline in short interest in November. As of November 30th, there was short interest totalling 100,300 shares, a decline of 22.8% from the November 15th total of 129,900 shares. Based on an average daily volume of 423,500 shares, the short-interest ratio is currently 0.2 days.

Kayne Anderson Energy Infrastructure Fund Price Performance

NYSE KYN traded down $0.01 on Friday, hitting $12.83. The stock had a trading volume of 356,120 shares, compared to its average volume of 461,667. The business’s fifty day moving average price is $12.45 and its 200 day moving average price is $11.21. Kayne Anderson Energy Infrastructure Fund has a 52-week low of $8.35 and a 52-week high of $13.69.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.08 per share. The ex-dividend date is Monday, December 16th. This represents a $0.96 dividend on an annualized basis and a yield of 7.48%.

Insider Buying and Selling at Kayne Anderson Energy Infrastructure Fund

In related news, major shareholder Metlife Investment Management, acquired 280,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was purchased at an average cost of $25.00 per share, for a total transaction of $7,000,000.00. Following the purchase, the insider now directly owns 280,000 shares of the company’s stock, valued at $7,000,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

Institutional Investors Weigh In On Kayne Anderson Energy Infrastructure Fund

Several institutional investors and hedge funds have recently made changes to their positions in the stock. FSA Wealth Management LLC purchased a new position in Kayne Anderson Energy Infrastructure Fund in the 3rd quarter worth $33,000. International Assets Investment Management LLC acquired a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the second quarter worth about $46,000. Bank of New York Mellon Corp purchased a new stake in Kayne Anderson Energy Infrastructure Fund in the second quarter valued at approximately $103,000. Rockwood Wealth Management LLC purchased a new stake in Kayne Anderson Energy Infrastructure Fund in the second quarter valued at approximately $122,000. Finally, Concorde Asset Management LLC acquired a new position in Kayne Anderson Energy Infrastructure Fund in the 3rd quarter worth approximately $126,000.

Kayne Anderson Energy Infrastructure Fund Company Profile

(Get Free Report)

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.

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