Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) Short Interest Down 22.8% in November

Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE:KYN) saw 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.

Insiders Place Their Bets

In other news, major shareholder Metlife Investment Management, purchased 280,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were acquired at an average price of $25.00 per share, for a total transaction of $7,000,000.00. Following the acquisition, the insider now directly owns 280,000 shares in the company, valued at approximately $7,000,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Hedge Funds Weigh In On Kayne Anderson Energy Infrastructure Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FSA Wealth Management LLC purchased a new stake in shares of Kayne Anderson Energy Infrastructure Fund in the third quarter valued at $33,000. International Assets Investment Management LLC acquired a new position in Kayne Anderson Energy Infrastructure Fund in the 2nd quarter valued at about $46,000. Bank of New York Mellon Corp purchased a new position in Kayne Anderson Energy Infrastructure Fund in the 2nd quarter valued at about $103,000. Concorde Asset Management LLC acquired a new stake in shares of Kayne Anderson Energy Infrastructure Fund during the 3rd quarter worth about $126,000. Finally, Intellectus Partners LLC grew its holdings in shares of Kayne Anderson Energy Infrastructure Fund by 9.3% during the third quarter. Intellectus Partners LLC now owns 11,750 shares of the financial services provider’s stock worth $132,000 after buying an additional 1,000 shares in the last quarter.

Kayne Anderson Energy Infrastructure Fund Stock Down 1.2 %

KYN traded down $0.16 during trading on Monday, reaching $12.59. 579,193 shares of the stock were exchanged, compared to its average volume of 462,153. Kayne Anderson Energy Infrastructure Fund has a 1 year low of $8.35 and a 1 year high of $13.69. The business’s 50 day moving average price is $12.46 and its two-hundred day moving average price is $11.24.

Kayne Anderson Energy Infrastructure Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a $0.08 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.96 dividend on an annualized basis and a yield of 7.63%.

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.