Kayne Anderson Energy Total Return Fund is a non-diversified, closed-end management investment company. The Fund's investment objective is to obtain a high total return with an emphasis on current income. The Fund seeks to achieve this objective by investing primarily in securities of companies engaged in the energy sector. The Fund's investments in the energy sector focus on securities of energy companies, with the majority of its investments in equity securities of master limited partnerships and limited liability companies taxed as partnerships. As of Nov 30 2016, the Fund's total assets were $669,037,000 and the Fund's investment portfolio comprised of $662,416,000. We show 1 historical shares outstanding datapoints in our KYE shares outstanding history coverage, used to compute KYE market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing KYE market cap history over the course of time is important for investors
interested in comparing KYE's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of KYE versus a peer is one thing; comparing
KYE market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like KYE can fluctuate over the course of history.
With this page we aim to empower investors researching KYE by allowing them to research the KYE market cap history. |
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Video: The Importance of Market Cap
