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

Tortoise Energy Infrastructure Co. (NYSE:TYG - Get Free Report) saw a significant decrease in short interest in October. As of October 15th, there was short interest totalling 18,100 shares, a decrease of 19.2% from the September 30th total of 22,400 shares. Based on an average daily trading volume, of 31,100 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. SeaCrest Wealth Management LLC raised its stake in Tortoise Energy Infrastructure by 37.4% during the 1st quarter. SeaCrest Wealth Management LLC now owns 11,729 shares of the financial services provider's stock valued at $363,000 after purchasing an additional 3,192 shares during the period. Matisse Capital increased its holdings in shares of Tortoise Energy Infrastructure by 36.0% in the 1st quarter. Matisse Capital now owns 80,000 shares of the financial services provider's stock valued at $2,473,000 after purchasing an additional 21,186 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Tortoise Energy Infrastructure by 11.3% in the first quarter. Janney Montgomery Scott LLC now owns 21,405 shares of the financial services provider's stock worth $662,000 after purchasing an additional 2,176 shares in the last quarter. John G Ullman & Associates Inc. boosted its holdings in shares of Tortoise Energy Infrastructure by 49.9% during the first quarter. John G Ullman & Associates Inc. now owns 15,041 shares of the financial services provider's stock worth $465,000 after purchasing an additional 5,006 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its holdings in shares of Tortoise Energy Infrastructure by 7.5% during the first quarter. Oppenheimer & Co. Inc. now owns 21,388 shares of the financial services provider's stock worth $661,000 after purchasing an additional 1,492 shares during the period. 32.50% of the stock is owned by hedge funds and other institutional investors.

Tortoise Energy Infrastructure Stock Performance

Shares of NYSE TYG traded down $0.37 during mid-day trading on Monday, reaching $40.56. The company had a trading volume of 15,727 shares, compared to its average volume of 39,121. Tortoise Energy Infrastructure has a 1-year low of $27.25 and a 1-year high of $41.46. The company has a 50-day moving average price of $38.38 and a two-hundred day moving average price of $35.33.

Tortoise Energy Infrastructure Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 23rd were paid a dividend of $0.78 per share. The ex-dividend date was Friday, August 23rd. This is a positive change from Tortoise Energy Infrastructure's previous quarterly dividend of $0.71. This represents a $3.12 dividend on an annualized basis and a yield of 7.69%.

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.