Tortoise Global Water ESG Fund (NYSE:TBLU) Stock Short Interest Drops 54.2%

Key Points

• Short interest fell 54.2% in Tortoise Global Water ESG Fund, declining from 216 shares on September 30 to 99 shares on October 15. Short interest now represents 0.0% of shares outstanding, with a 0.1-day short-interest ratio.
• Institutional investors increased exposure to TBLU, including Harel Insurance Investments & Financial Services, which raised its holdings by 28.2%, and Cetera Investment Advisers, which increased its stake by 5.7%.
• The ETF rose 0.4% to $50.87 in Friday trading. TBLU tracks an index of water infrastructure and management companies in developed countries and has traded between $48.11 and $56.90 over the past year.

Tortoise Global Water ESG Fund (NYSE:TBLU - ) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 99 shares, a drop of 54.2% from the September 30th total of 216 shares. Based on an average trading volume of 1,546 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On Tortoise Global Water ESG Fund

Several large investors have recently made changes to their positions in TBLU. Beckerman Institutional LLC acquired a new position in Tortoise Global Water ESG Fund in the 2nd quarter worth approximately $108,000. Western Wealth Management LLC acquired a new stake in Tortoise Global Water ESG Fund during the 1st quarter valued at $40,000. Cetera Investment Advisers raised its stake in Tortoise Global Water ESG Fund by 5.7% during the 1st quarter. Cetera Investment Advisers now owns 5,147 shares of the company's stock valued at $260,000 after purchasing an additional 276 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Tortoise Global Water ESG Fund by 28.2% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 52,550 shares of the company's stock valued at $2,650,000 after purchasing an additional 11,574 shares in the last quarter.

Tortoise Global Water ESG Fund Stock Up 0.4%

NYSE TBLU traded up $0.21 on Friday, hitting $50.87. The stock had a trading volume of 1,782 shares, compared to its average volume of 2,552. Tortoise Global Water ESG Fund has a one year low of $48.11 and a one year high of $56.90. The stock has a market cap of $55.44 million, a price-to-earnings ratio of -3,940.96 and a beta of 0.92. The company's 50-day moving average is $49.98 and its two-hundred day moving average is $50.77.

About Tortoise Global Water ESG Fund

The Tortoise Global Water ESG Fund (TBLU) is an exchange-traded fund that is based on the Ecofin Global Water ESG index. EBLU tracks an index of water infrastructure and management companies listed in developed countries. TBLU was launched on Feb 14, 2017 and is issued by Tortoise.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.