Tortoise Global Water ESG Fund (NYSE:TBLU) Stock Short Interest Falls 54.2%

Tortoise Global Water ESG Fund (NYSE:TBLU) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 99 shares, a decline of 54.2% from the September 30th total of 216 shares. Based on an average daily trading volume, of 1,546 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Tortoise Global Water ESG Fund Price Performance

Shares of Tortoise Global Water ESG Fund stock traded up $0.21 on Friday, hitting $50.87. 1,782 shares of the company’s stock traded hands, compared to its average volume of 2,552. The firm’s 50-day moving average price is $49.98 and its two-hundred day moving average price is $50.77. The stock has a market capitalization of $55.44 million, a PE ratio of -3,940.96 and a beta of 0.92. Tortoise Global Water ESG Fund has a one year low of $48.11 and a one year high of $56.90.

Institutional Trading of Tortoise Global Water ESG Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Tortoise Global Water ESG Fund by 28.2% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 52,550 shares of the company’s stock valued at $2,650,000 after acquiring an additional 11,574 shares in the last quarter. Beckerman Institutional LLC bought a new stake in Tortoise Global Water ESG Fund during the second quarter worth $108,000. Cetera Investment Advisers raised its stake in shares of Tortoise Global Water ESG Fund by 5.7% during the 1st quarter. Cetera Investment Advisers now owns 5,147 shares of the company’s stock worth $260,000 after purchasing an additional 276 shares during the period. Finally, Western Wealth Management LLC bought a new stake in Tortoise Global Water ESG Fund in the first quarter worth about $40,000.

Tortoise Global Water ESG Fund Company Profile

The Tortoise Global Water ESG Fund (TBLU) is an exchange-traded fund that is based on the Ecofin Global Water ESG index. EBLU tracks an index of water infrastructure and management companies listed in developed countries. TBLU was launched on Feb 14, 2017 and is issued by Tortoise.