Tortoise Energy Infrastructure Corporation (NYSE:TYG) Short Interest Update

Tortoise Energy Infrastructure Corporation (NYSE:TYG) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 52,050 shares, an increase of 93.3% from the July 15th total of 26,929 shares. Based on an average daily volume of 140,762 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the shares of the company are short sold.

Insider Activity at Tortoise Energy Infrastructure

In other Tortoise Energy Infrastructure news, Director Conrad S. Ciccotello bought 4,107 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were purchased at an average price of $42.24 per share, with a total value of $173,479.68. Following the purchase, the director directly owned 16,225 shares of the company’s stock, valued at approximately $685,344. The trade was a 33.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.09% of the company’s stock.

Institutional Trading of Tortoise Energy Infrastructure

Institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC acquired a new stake in Tortoise Energy Infrastructure in the 1st quarter valued at approximately $242,000. NewEdge Advisors LLC grew its holdings in Tortoise Energy Infrastructure by 9.6% during the 1st quarter. NewEdge Advisors LLC now owns 5,723 shares of the financial services provider’s stock worth $246,000 after acquiring an additional 500 shares during the last quarter. Walleye Capital LLC bought a new position in Tortoise Energy Infrastructure in the 2nd quarter worth approximately $203,000. Raymond James Financial Inc. increased its stake in shares of Tortoise Energy Infrastructure by 14.1% in the 2nd quarter. Raymond James Financial Inc. now owns 293,042 shares of the financial services provider’s stock valued at $12,862,000 after buying an additional 36,313 shares during the period. Finally, MGB Wealth Management LLC raised its position in shares of Tortoise Energy Infrastructure by 2.6% during the second quarter. MGB Wealth Management LLC now owns 23,896 shares of the financial services provider’s stock worth $1,049,000 after acquiring an additional 601 shares during the last quarter. Institutional investors and hedge funds own 32.50% of the company’s stock.

Tortoise Energy Infrastructure Stock Up 2.0%

Shares of NYSE TYG traded up $0.85 during midday trading on Friday, reaching $44.31. The company’s stock had a trading volume of 86,368 shares, compared to its average volume of 135,627. Tortoise Energy Infrastructure has a one year low of $40.35 and a one year high of $51.18. The company has a 50 day moving average price of $43.07 and a 200 day moving average price of $45.88.

About Tortoise Energy Infrastructure

Tortoise Energy Infrastructure Corp. (NYSE: TYG) is a closed-end management investment company that focuses on investing in energy infrastructure companies. Organized as a business development company under the Investment Company Act of 1940, it primarily acquires and manages a diversified portfolio of debt and equity securities issued by publicly traded and private energy infrastructure businesses. The company seeks to generate current income and long-term capital appreciation through selective investments across the energy value chain.

The firm’s investment strategy emphasizes midstream infrastructure, including pipeline transportation, storage, processing facilities, and terminals.