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

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 122,500 shares, an increase 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.

Insider Buying and Selling at Kayne Anderson Energy Infrastructure Fund

In other news, major shareholder Metlife Investment Management, acquired 280,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were acquired at an average cost of $25.00 per share, for a total transaction of $7,000,000.00. Following the purchase, the insider now owns 280,000 shares of the company’s stock, valued at approximately $7,000,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Trading of Kayne Anderson Energy Infrastructure Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Cetera Advisors LLC bought a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the first quarter valued at about $137,000. Chicago Partners Investment Group LLC bought a new stake in Kayne Anderson Energy Infrastructure Fund during the 4th quarter worth approximately $209,000. Cambridge Investment Research Advisors Inc. lifted its stake in Kayne Anderson Energy Infrastructure Fund by 15.9% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 111,220 shares of the financial services provider’s stock worth $1,149,000 after purchasing an additional 15,293 shares in the last quarter. Johnson Investment Counsel Inc. bought a new position in Kayne Anderson Energy Infrastructure Fund in the 2nd quarter valued at $327,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in shares of Kayne Anderson Energy Infrastructure Fund by 20.4% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 15,706 shares of the financial services provider’s stock valued at $162,000 after purchasing an additional 2,661 shares in the last quarter.

Kayne Anderson Energy Infrastructure Fund Price Performance

Shares of KYN stock opened at $11.82 on Thursday. The company’s fifty day simple moving average is $10.98 and its two-hundred day simple moving average is $10.37. Kayne Anderson Energy Infrastructure Fund has a 1 year low of $7.87 and a 1 year high of $11.90.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, November 15th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 8.12%.

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.