Tortoise Energy Infrastructure Corporation (NYSE:TYG) Stock Short Interest Report for September

Tortoise Energy Infrastructure Corporation (NYSE:TYG – Get Free Report) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 13,323 shares, a decrease of 72.8% from the September 15th total of 49,005 shares. Based on an average daily trading volume, of 194,391 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Tortoise Energy Infrastructure

Several large investors have recently modified their holdings of the business. CoreCap Advisors LLC bought a new stake in shares of Tortoise Energy Infrastructure in the third quarter valued at approximately $163,000. CX Institutional bought a new position in Tortoise Energy Infrastructure in the 3rd quarter worth approximately $277,000. NewEdge Advisors LLC boosted its holdings in Tortoise Energy Infrastructure by 12.7% in the 2nd quarter. NewEdge Advisors LLC now owns 5,581 shares of the financial services provider’s stock worth $239,000 after buying an additional 631 shares during the period. Baird Financial Group Inc. boosted its holdings in Tortoise Energy Infrastructure by 131.1% in the 2nd quarter. Baird Financial Group Inc. now owns 11,848 shares of the financial services provider’s stock worth $508,000 after buying an additional 6,721 shares during the period. Finally, Corient Private Wealth LP grew its stake in Tortoise Energy Infrastructure by 24.9% in the 2nd quarter. Corient Private Wealth LP now owns 16,028 shares of the financial services provider’s stock valued at $687,000 after buying an additional 3,197 shares in the last quarter. Hedge funds and other institutional investors own 32.50% of the company’s stock.

Tortoise Energy Infrastructure Trading Up 0.9%

TYG traded up $0.34 during trading hours on Monday, hitting $39.86. The stock had a trading volume of 96,015 shares, compared to its average volume of 154,790. The company’s fifty day simple moving average is $42.10 and its 200 day simple moving average is $44.26. Tortoise Energy Infrastructure has a 1 year low of $37.45 and a 1 year high of $51.18.

Tortoise Energy Infrastructure Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 23rd will be given a dividend of $0.4750 per share. This represents a $5.70 dividend on an annualized basis and a yield of 14.3%. The ex-dividend date is Monday, November 23rd.

Tortoise Energy Infrastructure Company Profile

(Get Free Report)

Tortoise Energy Infrastructure Corp. (NYSE: TYG) is a publicly traded, non-diversified closed-end investment company. The fund seeks to provide investors with total return through a combination of current income and capital appreciation by investing primarily in companies involved in energy infrastructure.

Its portfolio may include master limited partnerships, corporations and other entities that own or operate infrastructure used to transport, store, process or otherwise handle energy commodities.

Further Reading

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