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 large increase in short interest in the month of March. As of March 31st, there was short interest totalling 310,700 shares, an increase of 47.2% from the March 15th total of 211,100 shares. Based on an average trading volume of 524,200 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of Kayne Anderson Energy Infrastructure Fund

A number of large investors have recently modified their holdings of KYN. Envestnet Asset Management Inc. increased its stake in Kayne Anderson Energy Infrastructure Fund by 48.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 19,391 shares of the financial services provider’s stock valued at $179,000 after buying an additional 6,362 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in Kayne Anderson Energy Infrastructure Fund by 17.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 45,541 shares of the financial services provider’s stock valued at $420,000 after buying an additional 6,711 shares during the period. HighTower Advisors LLC increased its stake in Kayne Anderson Energy Infrastructure Fund by 250.4% during the 1st quarter. HighTower Advisors LLC now owns 100,882 shares of the financial services provider’s stock valued at $932,000 after buying an additional 72,089 shares during the period. Private Advisor Group LLC acquired a new position in Kayne Anderson Energy Infrastructure Fund during the 1st quarter valued at about $92,000. Finally, PNC Financial Services Group Inc. increased its stake in Kayne Anderson Energy Infrastructure Fund by 10.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 23,596 shares of the financial services provider’s stock valued at $217,000 after buying an additional 2,165 shares during the period.

Kayne Anderson Energy Infrastructure Fund Stock Up 0.4 %

Shares of KYN stock traded up $0.04 during trading hours on Friday, reaching $9.60. The stock had a trading volume of 841,504 shares, compared to its average volume of 536,994. Kayne Anderson Energy Infrastructure Fund has a twelve month low of $7.84 and a twelve month high of $10.15. The firm has a 50-day simple moving average of $9.35 and a 200-day simple moving average of $8.77.

Kayne Anderson Energy Infrastructure Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, April 5th were issued a $0.22 dividend. The ex-dividend date was Thursday, April 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 9.17%.

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.