Tortoise Energy Infrastructure Co. (NYSE:TYG) Sees Significant Increase in Short Interest

Tortoise Energy Infrastructure Co. (NYSE:TYG - Get Free Report) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 20,600 shares, a growth of 19.8% from the April 30th total of 17,200 shares. Currently, 0.2% of the company's shares are sold short. Based on an average daily trading volume, of 86,300 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Tortoise Energy Infrastructure

Several large investors have recently made changes to their positions in TYG. JPMorgan Chase & Co. bought a new position in shares of Tortoise Energy Infrastructure in the 4th quarter valued at about $25,000. Noble Wealth Management PBC bought a new position in Tortoise Energy Infrastructure during the fourth quarter worth about $30,000. Comerica Bank increased its holdings in shares of Tortoise Energy Infrastructure by 95.0% during the 4th quarter. Comerica Bank now owns 942 shares of the financial services provider's stock worth $40,000 after acquiring an additional 459 shares during the last quarter. Principal Securities Inc. bought a new stake in Tortoise Energy Infrastructure in the 4th quarter valued at $46,000. Finally, Farther Finance Advisors LLC boosted its position in Tortoise Energy Infrastructure by 756.6% during the first quarter. Farther Finance Advisors LLC now owns 1,225 shares of the financial services provider's stock worth $53,000 after purchasing an additional 1,082 shares during the period. Institutional investors and hedge funds own 32.50% of the company's stock.

Tortoise Energy Infrastructure Trading Up 0.8%

NYSE:TYG traded up $0.32 on Friday, hitting $41.50. 46,055 shares of the company's stock were exchanged, compared to its average volume of 61,341. The firm has a 50-day moving average price of $39.74 and a 200-day moving average price of $42.57. Tortoise Energy Infrastructure has a 52 week low of $32.60 and a 52 week high of $48.76.

Tortoise Energy Infrastructure Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 22nd will be paid a dividend of $0.365 per share. This represents a $4.38 dividend on an annualized basis and a dividend yield of 10.56%. The ex-dividend date is Friday, August 22nd.

Tortoise Energy Infrastructure Company Profile

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.