Tortoise Energy Infrastructure Co. (NYSE:TYG) Short Interest Down 24.1% in March

Tortoise Energy Infrastructure Co. (NYSE:TYG) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 23,300 shares, a decrease of 24.1% from the March 15th total of 30,700 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 115,000 shares, the short-interest ratio is presently 0.2 days.

Tortoise Energy Infrastructure Stock Down 4.2 %

Tortoise Energy Infrastructure stock traded down $1.67 during mid-day trading on Monday, reaching $37.90. The company’s stock had a trading volume of 58,356 shares, compared to its average volume of 59,763. Tortoise Energy Infrastructure has a 12-month low of $30.73 and a 12-month high of $48.76. The firm’s fifty day moving average price is $41.87 and its two-hundred day moving average price is $42.79.

Tortoise Energy Infrastructure Announces Dividend

The company also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 25th were given a dividend of $0.365 per share. The ex-dividend date was Monday, March 24th. This represents a dividend yield of 10%.

Hedge Funds Weigh In On Tortoise Energy Infrastructure

A number of institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. purchased a new position in Tortoise Energy Infrastructure in the fourth quarter worth $25,000. Noble Wealth Management PBC purchased a new position in shares of Tortoise Energy Infrastructure during the fourth quarter worth approximately $30,000. Hartford Financial Management Inc. lifted its holdings in shares of Tortoise Energy Infrastructure by 37.5% in the 4th quarter. Hartford Financial Management Inc. now owns 803 shares of the financial services provider’s stock worth $34,000 after acquiring an additional 219 shares during the last quarter. Comerica Bank grew its holdings in shares of Tortoise Energy Infrastructure by 95.0% during the 4th quarter. Comerica Bank now owns 942 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 459 shares during the last quarter. Finally, Principal Securities Inc. purchased a new position in Tortoise Energy Infrastructure in the 4th quarter worth $46,000. 32.50% of the stock is currently owned by institutional investors.

Tortoise Energy Infrastructure Company Profile

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.