Kayne Anderson NextGen Energy & Infrastructure, Inc. (NYSE:KMF) Short Interest Update

Kayne Anderson NextGen Energy & Infrastructure, Inc. (NYSE:KMFGet Rating) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 22,900 shares, a growth of 26.5% from the June 30th total of 18,100 shares. Based on an average trading volume of 151,300 shares, the days-to-cover ratio is currently 0.2 days.

Kayne Anderson NextGen Energy & Infrastructure Trading Up 0.5 %

Shares of Kayne Anderson NextGen Energy & Infrastructure stock opened at $8.42 on Tuesday. Kayne Anderson NextGen Energy & Infrastructure has a 52-week low of $6.77 and a 52-week high of $9.01. The company has a 50 day moving average of $7.91 and a 200 day moving average of $7.92.

Kayne Anderson NextGen Energy & Infrastructure Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 12th. Investors of record on Tuesday, July 5th were paid a $0.16 dividend. The ex-dividend date was Friday, July 1st. This represents a $0.64 dividend on an annualized basis and a yield of 7.60%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC lifted its stake in Kayne Anderson NextGen Energy & Infrastructure by 77.9% in the first quarter. Steward Partners Investment Advisory LLC now owns 4,953 shares of the closed-end fund’s stock worth $42,000 after acquiring an additional 2,169 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in Kayne Anderson NextGen Energy & Infrastructure during the fourth quarter worth approximately $100,000. Coastal Bridge Advisors LLC acquired a new stake in Kayne Anderson NextGen Energy & Infrastructure during the fourth quarter worth approximately $115,000. Csenge Advisory Group acquired a new stake in Kayne Anderson NextGen Energy & Infrastructure during the first quarter worth approximately $142,000. Finally, Envestnet Asset Management Inc. raised its holdings in Kayne Anderson NextGen Energy & Infrastructure by 7.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 20,459 shares of the closed-end fund’s stock worth $147,000 after purchasing an additional 1,440 shares in the last quarter.

About Kayne Anderson NextGen Energy & Infrastructure

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Kayne Anderson NextGen Energy & Infrastructure, Inc is a close-ended equity mutual fund launched and managed by KA Fund Advisors, LLC. It invests in public equity markets of North America. The fund primarily invests in companies in the midstream/energy sector consisting of Midstream MLPs, Midstream Companies, Other MLPs and Other Energy companies.

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