Tortoise Energy Infrastructure Co. (NYSE:TYG – Get Free Report) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 11,200 shares, a decline of 36.4% from the August 15th total of 17,600 shares. Based on an average daily trading volume, of 38,000 shares, the short-interest ratio is presently 0.3 days.
Tortoise Energy Infrastructure Stock Up 1.2 %
TYG opened at $30.30 on Friday. The business’s 50 day moving average is $30.25 and its 200-day moving average is $29.43. Tortoise Energy Infrastructure has a twelve month low of $26.72 and a twelve month high of $35.07.
Tortoise Energy Infrastructure Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Thursday, August 24th were issued a dividend of $0.71 per share. The ex-dividend date was Wednesday, August 23rd. This represents a $2.84 dividend on an annualized basis and a dividend yield of 9.37%.
Institutional Investors Weigh In On Tortoise Energy Infrastructure
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.
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