Tortoise Energy Infrastructure Co. (NYSE:TYG) Short Interest Update

Tortoise Energy Infrastructure Co. (NYSE:TYG - Get Free Report) was the recipient of a large decrease in short interest in 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. Based on an average daily volume of 115,000 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the shares of the stock are sold short.

Tortoise Energy Infrastructure Stock Up 2.8 %

NYSE TYG traded up $1.07 on Thursday, reaching $39.33. 56,704 shares of the company's stock traded hands, compared to its average volume of 60,426. Tortoise Energy Infrastructure has a 12 month low of $30.73 and a 12 month high of $48.76. The stock has a 50-day simple moving average of $41.37 and a 200 day simple moving average of $42.70.

Tortoise Energy Infrastructure Announces Dividend

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

Institutional Trading of Tortoise Energy Infrastructure

Several institutional investors have recently added to or reduced their stakes in TYG. Hartford Financial Management Inc. grew its position in Tortoise Energy Infrastructure by 37.5% during 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 increased its position in shares of Tortoise Energy Infrastructure by 95.0% in the fourth quarter. Comerica Bank now owns 942 shares of the financial services provider's stock valued at $40,000 after acquiring an additional 459 shares during the period. JPMorgan Chase & Co. bought a new position in shares of Tortoise Energy Infrastructure during the fourth quarter valued at about $25,000. Jaffetilchin Investment Partners LLC raised its stake in shares of Tortoise Energy Infrastructure by 13.3% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 5,239 shares of the financial services provider's stock valued at $220,000 after acquiring an additional 613 shares during the last quarter. Finally, Spire Wealth Management boosted its holdings in shares of Tortoise Energy Infrastructure by 68.9% during the first quarter. Spire Wealth Management now owns 1,611 shares of the financial services provider's stock worth $69,000 after purchasing an additional 657 shares during the period. 32.50% of the stock is currently owned by hedge funds and other institutional investors.

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.