Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRG – Get Free Report) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 23,426 shares, a growth of 86.9% from the May 14th total of 12,532 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 12,047 shares, the short-interest ratio is currently 1.9 days.
Simplify Kayne Anderson Energy and Infrastructure Credit ETF Price Performance
NYSEARCA KNRG opened at $25.80 on Monday. The firm’s fifty day moving average price is $25.78 and its 200 day moving average price is $25.86. Simplify Kayne Anderson Energy and Infrastructure Credit ETF has a 12 month low of $25.21 and a 12 month high of $26.31.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of KNRG. Pekin Hardy Strauss Inc. purchased a new position in Simplify Kayne Anderson Energy and Infrastructure Credit ETF during the 3rd quarter worth $301,000. Hazlett Burt & Watson Inc. purchased a new position in Simplify Kayne Anderson Energy and Infrastructure Credit ETF during the 4th quarter worth $25,000. CreativeOne Wealth LLC purchased a new position in Simplify Kayne Anderson Energy and Infrastructure Credit ETF during the 4th quarter worth $1,069,000. Finally, HB Wealth Management LLC purchased a new position in Simplify Kayne Anderson Energy and Infrastructure Credit ETF during the 1st quarter worth $808,000.
About Simplify Kayne Anderson Energy and Infrastructure Credit ETF
KNRG is an actively managed ETF that seeks to deliver attractive monthly income by investing in credit instruments of energy and infrastructure companies. This includes bonds, notes, loans, and hybrid or preferred shares. The fund focuses on instruments that offer higher yields and higher credit quality compared to traditional high-yield bond indices.
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