Tortoise Energy Infrastructure Co. (NYSE:TYG) Short Interest Down 65.3% in November

Tortoise Energy Infrastructure Co. (NYSE:TYG) was the target of a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 6,900 shares, a drop of 65.3% from the October 31st total of 19,900 shares. Based on an average daily trading volume, of 29,600 shares, the short-interest ratio is presently 0.2 days.

Tortoise Energy Infrastructure Trading Up 1.6 %

TYG traded up $0.72 during trading on Wednesday, reaching $45.46. 24,513 shares of the company’s stock were exchanged, compared to its average volume of 38,329. Tortoise Energy Infrastructure has a one year low of $27.44 and a one year high of $45.53. The firm has a fifty day moving average price of $41.06 and a two-hundred day moving average price of $37.03.

Tortoise Energy Infrastructure Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 22nd will be paid a $0.78 dividend. The ex-dividend date is Friday, November 22nd. This represents a $3.12 annualized dividend and a dividend yield of 6.86%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TYG. Raymond James & Associates boosted its holdings in shares of Tortoise Energy Infrastructure by 679.7% during the 3rd quarter. Raymond James & Associates now owns 75,830 shares of the financial services provider’s stock worth $2,976,000 after buying an additional 66,104 shares in the last quarter. Almitas Capital LLC increased its stake in Tortoise Energy Infrastructure by 157.6% in the second quarter. Almitas Capital LLC now owns 25,457 shares of the financial services provider’s stock valued at $888,000 after purchasing an additional 15,576 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Tortoise Energy Infrastructure by 604.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 76,567 shares of the financial services provider’s stock worth $3,005,000 after purchasing an additional 65,695 shares in the last quarter. Bayshore Asset Management LLC acquired a new stake in shares of Tortoise Energy Infrastructure in the 3rd quarter valued at about $688,000. Finally, Sanctuary Advisors LLC bought a new stake in Tortoise Energy Infrastructure in the 2nd quarter valued at about $469,000. 32.50% of the stock is owned by institutional investors.

About Tortoise Energy Infrastructure

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.