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

Tortoise Energy Infrastructure Corporation (NYSE:TYG) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 133,661 shares, an increase of 106.0% from the April 15th total of 64,895 shares. Based on an average daily trading volume, of 106,028 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.6% of the shares of the company are sold short.

Institutional Trading of Tortoise Energy Infrastructure

Large investors have recently modified their holdings of the stock. Fifth Third Bancorp acquired a new stake in shares of Tortoise Energy Infrastructure during the 1st quarter worth $36,000. Parkside Financial Bank & Trust grew its holdings in shares of Tortoise Energy Infrastructure by 42.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,000 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 300 shares in the last quarter. Comerica Bank grew its holdings in shares of Tortoise Energy Infrastructure by 27.8% during the 4th quarter. Comerica Bank now owns 1,111 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 242 shares in the last quarter. Hartford Financial Management Inc. grew its holdings in shares of Tortoise Energy Infrastructure by 49.2% during the 4th quarter. Hartford Financial Management Inc. now owns 1,244 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 410 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in shares of Tortoise Energy Infrastructure by 255.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,892 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 1,360 shares in the last quarter. 32.50% of the stock is owned by institutional investors and hedge funds.

Tortoise Energy Infrastructure Stock Performance

NYSE TYG traded down $0.36 on Friday, reaching $46.83. The stock had a trading volume of 184,581 shares, compared to its average volume of 190,895. Tortoise Energy Infrastructure has a 1-year low of $39.93 and a 1-year high of $51.18. The firm has a fifty day moving average of $48.38 and a two-hundred day moving average of $45.59.

Tortoise Energy Infrastructure Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be issued a dividend of $0.475 per share. This represents a c) annualized dividend and a dividend yield of 12.2%. The ex-dividend date of this dividend is Monday, August 24th.

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.