Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRG) Short Interest Down 42.8% in June

Simplify Kayne Anderson Energy and Infrastructure Credit ETF (NYSEARCA:KNRG) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 13,406 shares, a decrease of 42.8% from the May 31st total of 23,426 shares. Based on an average daily volume of 15,820 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Trading of Simplify Kayne Anderson Energy and Infrastructure Credit ETF

A number of institutional investors have recently modified their holdings of the business. Hazlett Burt & Watson Inc. purchased a new stake in shares of Simplify Kayne Anderson Energy and Infrastructure Credit ETF during the 4th quarter worth $25,000. Pekin Hardy Strauss Inc. raised its position in shares of Simplify Kayne Anderson Energy and Infrastructure Credit ETF by 4.3% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 12,075 shares of the company’s stock valued at $312,000 after buying an additional 500 shares during the last quarter. HB Wealth Management LLC purchased a new stake in shares of Simplify Kayne Anderson Energy and Infrastructure Credit ETF in the first quarter valued at $808,000. Finally, CreativeOne Wealth LLC purchased a new position in Simplify Kayne Anderson Energy and Infrastructure Credit ETF during the fourth quarter worth about $1,069,000.

Simplify Kayne Anderson Energy and Infrastructure Credit ETF Price Performance

NYSEARCA:KNRG opened at $25.76 on Friday. The stock’s 50 day simple moving average is $25.78 and its 200-day simple moving average is $25.84. Simplify Kayne Anderson Energy and Infrastructure Credit ETF has a 12-month low of $25.21 and a 12-month high of $26.31.

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.