Tortoise Energy Infrastructure Co. (NYSE:TYG) Short Interest Up 31.5% in April

Tortoise Energy Infrastructure Co. (NYSE:TYGGet Rating) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totalling 19,200 shares, a growth of 31.5% from the April 15th total of 14,600 shares. Based on an average daily volume of 69,500 shares, the short-interest ratio is currently 0.3 days.

A number of hedge funds and other institutional investors have recently made changes to their positions in TYG. Ahrens Investment Partners LLC acquired a new position in shares of Tortoise Energy Infrastructure in the 4th quarter valued at about $27,000. UMB Bank N A MO acquired a new position in shares of Tortoise Energy Infrastructure during the 4th quarter worth approximately $31,000. Cornerstone Advisory LLC purchased a new position in shares of Tortoise Energy Infrastructure during the 4th quarter valued at approximately $64,000. Activest Wealth Management purchased a new stake in Tortoise Energy Infrastructure in the 4th quarter worth $69,000. Finally, Parkside Investments LLC acquired a new position in Tortoise Energy Infrastructure during the first quarter worth $167,000. Institutional investors and hedge funds own 33.04% of the company’s stock.

Shares of NYSE:TYG traded up $0.69 during trading on Monday, hitting $32.20. The stock had a trading volume of 18 shares, compared to its average volume of 78,949. Tortoise Energy Infrastructure has a 12-month low of $24.77 and a 12-month high of $36.85. The stock has a 50-day simple moving average of $33.32 and a two-hundred day simple moving average of $30.65.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 31st. Investors of record on Tuesday, May 24th will be issued a $0.71 dividend. The ex-dividend date is Monday, May 23rd. This represents a $2.84 annualized dividend and a yield of 8.82%.

Tortoise Energy Infrastructure Company Profile (Get Rating)

Tortoise Energy Infrastructure Corporation is a closed ended equity mutual fund launched and managed by Tortoise Capital Advisors LLC The fund invests in the public equity markets of the United States. It seeks to invest in the stocks of companies operating in the energy infrastructure sector, with an emphasis on those companies that are engaged in transporting, processing, storing, distributing or marketing natural gas, natural gas liquids (primarily propane), coal, crude oil or refined petroleum products, or exploring, developing, managing or producing such commodities.

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