Kayne Anderson Energy Infrastructure Fund Soars 10.91% on Insider Buying

Generado por agente de IAAinvest Movers Radar
martes, 8 de abril de 2025, 9:04 am ET1 min de lectura

On April 8, 2025,

Energy Infrastructure Fund rose by 10.91% in pre-market trading, marking a significant surge in its stock price.

Recent insider transactions have shown notable activity within Kayne Anderson Energy Infrastructure Fund. On April 4, 2025, James C. Baker, the President of the fund, executed a purchase of 25,000 shares at $11.41 per share, totaling $285,250. This transaction indicates a strong confidence in the fund's future prospects from a key insider. Additionally, Michael J. O'Neil, the Executive Vice President and Secretary, disclosed the purchase of 2,350 shares, further signaling positive sentiment among top executives.

Furthermore, Kayne Anderson Capital Advisors, L.P. made an in-kind distribution of KYN shares to its limited partners on the same date. This move suggests a strategic redistribution of assets within the fund, which could impact its overall performance and investor sentiment.

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