Kayne Anderson MLP Investment Co. (NYSE:KYN) was the recipient of a significant increase in short interest during the month of December. As of December 29th, there was short interest totalling 870,008 shares, an increase of 32.4% from the December 15th total of 656,882 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 1,246,421 shares, the days-to-cover ratio is currently 0.7 days.
In related news, VP Ron M. Logan, Jr. purchased 20,000 shares of the stock in a transaction that occurred on Thursday, October 26th. The shares were purchased at an average price of $15.75 per share, with a total value of $315,000.00. Following the completion of the acquisition, the vice president now directly owns 30,773 shares in the company, valued at approximately $484,674.75. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Institutional investors and hedge funds have recently made changes to their positions in the business. Alpha Cubed Investments LLC purchased a new stake in Kayne Anderson MLP Investment in the 3rd quarter valued at approximately $196,000. Intellectus Partners LLC boosted its holdings in Kayne Anderson MLP Investment by 9.9% in the 2nd quarter. Intellectus Partners LLC now owns 11,060 shares of the financial services provider’s stock valued at $208,000 after purchasing an additional 1,000 shares in the last quarter. Northern Trust Corp boosted its holdings in Kayne Anderson MLP Investment by 21.4% in the 2nd quarter. Northern Trust Corp now owns 16,767 shares of the financial services provider’s stock valued at $316,000 after purchasing an additional 2,950 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in Kayne Anderson MLP Investment in the 3rd quarter valued at approximately $322,000. Finally, M&R Capital Management Inc. boosted its holdings in Kayne Anderson MLP Investment by 2.3% in the 2nd quarter. M&R Capital Management Inc. now owns 24,980 shares of the financial services provider’s stock valued at $430,000 after purchasing an additional 550 shares in the last quarter.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, January 5th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 9.10%. The ex-dividend date of this dividend was Thursday, January 4th.
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Kayne Anderson MLP Investment Company Profile
Kayne Anderson MLP Investment Company is a non-diversified, closed-end management investment company. The Company’s investment objective is to obtain a high after-tax total return by investing at least 85% of its total assets in energy-related master limited partnerships and their affiliates (MLPs) and in other companies that operate assets used in the gathering, transporting, processing, storing, refining, distributing, mining or marketing of natural gas, natural gas liquids, crude oil, refined petroleum products or coal.
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