Tortoise Energy Infrastructure Corporation (NYSE:TYG) Short Interest Update

Tortoise Energy Infrastructure Corporation (NYSE:TYG) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 52,050 shares, a growth of 93.3% from the July 15th total of 26,929 shares. Based on an average trading volume of 140,762 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the company’s shares are sold short.

Insider Activity at Tortoise Energy Infrastructure

In other Tortoise Energy Infrastructure news, Director Conrad S. Ciccotello bought 4,107 shares of the company’s stock in a transaction on Thursday, June 25th. The stock was bought at an average price of $42.24 per share, for a total transaction of $173,479.68. Following the transaction, the director owned 16,225 shares of the company’s stock, valued at approximately $685,344. The trade was a 33.89% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.09% of the company’s stock.

Hedge Funds Weigh In On Tortoise Energy Infrastructure

Several hedge funds have recently added to or reduced their stakes in TYG. Royal Bank of Canada raised its holdings in Tortoise Energy Infrastructure by 17.5% in the first quarter. Royal Bank of Canada now owns 391,435 shares of the financial services provider’s stock worth $19,513,000 after purchasing an additional 58,304 shares during the period. Closed End Fund Advisors Inc. acquired a new position in shares of Tortoise Energy Infrastructure in the 4th quarter valued at $3,000,000. WCG Wealth Advisors LLC acquired a new position in shares of Tortoise Energy Infrastructure in the 4th quarter valued at $557,000. Eagle Bluffs Wealth Management LLC increased its position in shares of Tortoise Energy Infrastructure by 74.0% in the 4th quarter. Eagle Bluffs Wealth Management LLC now owns 149,482 shares of the financial services provider’s stock valued at $6,114,000 after buying an additional 63,588 shares in the last quarter. Finally, UBS Group AG increased its position in shares of Tortoise Energy Infrastructure by 71.8% in the 4th quarter. UBS Group AG now owns 69,068 shares of the financial services provider’s stock valued at $2,825,000 after buying an additional 28,877 shares in the last quarter. Institutional investors and hedge funds own 32.50% of the company’s stock.

Tortoise Energy Infrastructure Stock Up 0.1%

Shares of NYSE:TYG traded up $0.06 during midday trading on Monday, hitting $44.35. The company had a trading volume of 91,781 shares, compared to its average volume of 156,783. Tortoise Energy Infrastructure has a 12 month low of $40.35 and a 12 month high of $51.18. The firm has a fifty day simple moving average of $43.07 and a 200 day simple moving average of $45.91.

About Tortoise Energy Infrastructure

Tortoise Energy Infrastructure Corp. (NYSE: TYG) is a closed-end management investment company that focuses on investing in energy infrastructure companies. Organized as a business development company under the Investment Company Act of 1940, it primarily acquires and manages a diversified portfolio of debt and equity securities issued by publicly traded and private energy infrastructure businesses. The company seeks to generate current income and long-term capital appreciation through selective investments across the energy value chain.

The firm’s investment strategy emphasizes midstream infrastructure, including pipeline transportation, storage, processing facilities, and terminals.