Tortoise Energy Infrastructure Corporation (NYSE:TYG) Stock Short Interest Report for October

Tortoise Energy Infrastructure Corporation (NYSE:TYG) was the target of a large growth in short interest in October. As of October 30th, there was short interest totaling 25,380 shares, a growth of 91.2% from the October 15th total of 13,276 shares. Based on an average daily trading volume, of 111,846 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Tortoise Energy Infrastructure Stock Up 1.4%

Shares of Tortoise Energy Infrastructure stock traded up $0.54 during trading hours on Friday, reaching $38.12. The company’s stock had a trading volume of 65,075 shares, compared to its average volume of 132,412. The stock’s fifty day simple moving average is $39.64 and its two-hundred day simple moving average is $44.23. Tortoise Energy Infrastructure has a one year low of $35.23 and a one year high of $51.18.

Tortoise Energy Infrastructure Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Monday, November 23rd will be given a $0.4750 dividend. This represents a $5.70 dividend on an annualized basis and a yield of 15.0%. The ex-dividend date of this dividend is Monday, November 23rd.

Institutional Investors Weigh In On Tortoise Energy Infrastructure

Several institutional investors and hedge funds have recently added to or reduced their stakes in TYG. Kovack Advisors Inc. lifted its position in shares of Tortoise Energy Infrastructure by 3.4% during the 3rd quarter. Kovack Advisors Inc. now owns 13,469 shares of the financial services provider’s stock worth $508,000 after buying an additional 440 shares in the last quarter. PSI Advisors LLC grew its holdings in shares of Tortoise Energy Infrastructure by 15.3% in the third quarter. PSI Advisors LLC now owns 8,108 shares of the financial services provider’s stock valued at $310,000 after acquiring an additional 1,073 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Tortoise Energy Infrastructure by 2.4% in the third quarter. Steward Partners Investment Advisory LLC now owns 71,822 shares of the financial services provider’s stock valued at $2,750,000 after acquiring an additional 1,652 shares in the last quarter. Advisors Asset Management Inc. bought a new position in shares of Tortoise Energy Infrastructure in the third quarter valued at approximately $11,153,000. Finally, Private Advisor Group LLC increased its position in shares of Tortoise Energy Infrastructure by 122.5% during the third quarter. Private Advisor Group LLC now owns 57,955 shares of the financial services provider’s stock valued at $2,219,000 after acquiring an additional 31,909 shares during the last quarter. Hedge funds and other institutional investors own 32.50% of the company’s stock.

Tortoise Energy Infrastructure Company Profile

Tortoise Energy Infrastructure Corporation (NYSE: TYG) is a closed-end investment company focused on the energy infrastructure sector. Rather than operating pipelines or other energy assets itself, it invests in companies involved in transporting, storing, gathering, and processing energy resources. Its portfolio has focused on energy infrastructure businesses, including midstream companies and master limited partnerships, with investments primarily tied to North American energy markets. TYG was launched in 2004 and is managed by Tortoise Capital Advisors.