Will Kayne Anderson Energy Total Return Fund (KYE) Short Squeeze Soon? The Stock Formed a Bearish Double Bottom

September 17, 2017 - By Kurt Siggers

Investors sentiment decreased to 1.73 in Q4 2016. Its down 0.27, from 2 in 2016Q3. It worsened, as 4 investors sold Kayne Anderson Energy Total Return Fund shares while 11 reduced holdings. 6 funds opened positions while 20 raised stakes. 5.52 million shares or 8.86% more from 5.07 million shares in 2016Q3 were reported.
Ontario – Canada-based Royal Financial Bank Of Canada has invested 0% in Kayne Anderson Energy Total Return Fund (NYSE:KYE). Brick & Kyle Assocs has 1,850 shares for 0.02% of their portfolio. Cohen And Steers Inc holds 0.01% of its portfolio in Kayne Anderson Energy Total Return Fund (NYSE:KYE) for 261,080 shares. Envestnet Asset Mgmt stated it has 0% in Kayne Anderson Energy Total Return Fund (NYSE:KYE). Invesco Ltd invested 0% of its portfolio in Kayne Anderson Energy Total Return Fund (NYSE:KYE). Lpl Financial Ltd Company stated it has 0.02% of its portfolio in Kayne Anderson Energy Total Return Fund (NYSE:KYE). First Interstate National Bank & Trust owns 325 shares or 0% of their US portfolio. Moreover, Communications Of Vermont has 0% invested in Kayne Anderson Energy Total Return Fund (NYSE:KYE) for 1,666 shares. Cornerstone Advisors Incorporated holds 97,038 shares or 0.21% of its portfolio. 23,340 are held by Hightower Ltd Liability. Sigma Planning stated it has 10,718 shares or 0.01% of all its holdings. Keybank Association Oh has invested 0% in Kayne Anderson Energy Total Return Fund (NYSE:KYE). Stifel reported 33,662 shares. Finemark Financial Bank And owns 500 shares or 0% of their US portfolio. 13,674 are held by Susquehanna Intl Group Limited Liability Partnership.

The chart of Kayne Anderson Energy Total Return Fund (KYE) shows a double bottom with $10.20 target or 5.00 % below today’s $10.74 share price. The 6 months chart pattern indicates high risk for the $393.82M company. It was reported on Sep, 17 by Finviz.com. If the $10.20 price target is reached, the company will be worth $19.69 million less. Double bottoms are rare but powerful chart patterns.

The stock increased 0.28% or $0.03 on September 15, reaching $10.74. About 67,644 shares traded. Kayne Anderson Energy Total Return Fund (NYSE:KYE) has risen 18.08% since September 17, 2016 and is uptrending. It has outperformed by 1.38% the S&P500.

Another recent and important Kayne Anderson Energy Total Return Fund (NYSE:KYE) news was published by Seekingalpha.com which published an article titled: “A Performance Review Of Another 8 High Dividend MLP CEFs: All Eligible For One …” on February 22, 2017.

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