Short Interest in Tortoise Energy Infrastructure Co. (NYSE:TYG) Declines By 24.1%

Tortoise Energy Infrastructure Co. (NYSE:TYG - Get Free Report) saw a significant drop in short interest in March. As of March 31st, there was short interest totalling 23,300 shares, a drop of 24.1% from the March 15th total of 30,700 shares. Currently, 0.2% of the company's stock are sold short. Based on an average trading volume of 115,000 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Tortoise Energy Infrastructure

Several large investors have recently modified their holdings of the business. Stifel Financial Corp lifted its stake in shares of Tortoise Energy Infrastructure by 7.7% in the third quarter. Stifel Financial Corp now owns 38,483 shares of the financial services provider's stock worth $1,510,000 after acquiring an additional 2,758 shares in the last quarter. Sanctuary Advisors LLC raised its position in shares of Tortoise Energy Infrastructure by 58.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 21,347 shares of the financial services provider's stock valued at $838,000 after purchasing an additional 7,891 shares in the last quarter. Diversified Trust Co purchased a new position in shares of Tortoise Energy Infrastructure during the 4th quarter valued at approximately $482,000. Eastern Bank acquired a new stake in shares of Tortoise Energy Infrastructure during the fourth quarter worth approximately $124,000. Finally, First National Bank of Mount Dora Trust Investment Services bought a new stake in shares of Tortoise Energy Infrastructure in the fourth quarter worth $205,000. 32.50% of the stock is currently owned by institutional investors and hedge funds.

Tortoise Energy Infrastructure Trading Down 1.4 %

Shares of NYSE TYG traded down $0.56 during trading on Wednesday, reaching $38.40. 131,841 shares of the stock were exchanged, compared to its average volume of 60,361. The business's 50-day moving average price is $41.63 and its 200 day moving average price is $42.75. Tortoise Energy Infrastructure has a twelve month low of $30.73 and a twelve month high of $48.76.

Tortoise Energy Infrastructure Announces Dividend

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

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.