Tortoise Energy Infrastructure Co. (NYSE:TYG) Short Interest Down 36.4% in August

Tortoise Energy Infrastructure Co. (NYSE:TYG) 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

A number of hedge funds have recently made changes to their positions in the business. Atlas Wealth LLC acquired a new position in shares of Tortoise Energy Infrastructure during the fourth quarter valued at approximately $5,123,000. Arete Wealth Advisors LLC acquired a new position in Tortoise Energy Infrastructure in the first quarter worth approximately $4,073,093,000,000. Almitas Capital LLC grew its position in Tortoise Energy Infrastructure by 459.4% in the second quarter. Almitas Capital LLC now owns 85,273 shares of the financial services provider’s stock worth $2,620,000 after buying an additional 70,029 shares during the last quarter. Citadel Advisors LLC acquired a new position in Tortoise Energy Infrastructure in the third quarter worth approximately $2,061,000. Finally, Zimmer Partners LP acquired a new position in Tortoise Energy Infrastructure in the first quarter worth approximately $1,991,000. Institutional investors own 35.13% of the company’s stock.

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.