Tortoise Energy Infrastructure Co. (NYSE:TYG) Short Interest Update

Tortoise Energy Infrastructure Co. (NYSE:TYG) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 31,600 shares, an increase of 33.9% from the February 13th total of 23,600 shares. Based on an average daily volume of 104,700 shares, the short-interest ratio is presently 0.3 days. Currently, 0.3% of the shares of the stock are sold short.

Tortoise Energy Infrastructure Stock Up 0.0 %

Shares of TYG traded up $0.01 during trading hours on Tuesday, hitting $43.57. 36,283 shares of the stock were exchanged, compared to its average volume of 54,929. Tortoise Energy Infrastructure has a 12-month low of $29.20 and a 12-month high of $48.76. The stock’s 50-day moving average price is $44.44 and its two-hundred day moving average price is $42.25.

Tortoise Energy Infrastructure Announces Dividend

The company also recently declared a — dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 23rd will be given a dividend of $0.365 per share. This represents a dividend yield of 8.4%. The ex-dividend date of this dividend is Friday, May 23rd.

Insider Buying and Selling at Tortoise Energy Infrastructure

In other news, major shareholder Prudential Financial Inc purchased 1,500,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was purchased at an average cost of $10.00 per share, for a total transaction of $15,000,000.00. Following the completion of the transaction, the insider now owns 1,500,000 shares of the company’s stock, valued at $15,000,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Saba Capital Management, L.P. sold 5,667 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $41.61, for a total value of $235,803.87. Following the sale, the insider now owns 1,061,234 shares of the company’s stock, valued at $44,157,946.74. The trade was a 0.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.28% of the stock is owned by corporate insiders.

Institutional Trading of Tortoise Energy Infrastructure

Several large investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its holdings in Tortoise Energy Infrastructure by 35.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 103,800 shares of the financial services provider’s stock valued at $4,360,000 after buying an additional 27,233 shares in the last quarter. WNY Asset Management LLC grew its holdings in Tortoise Energy Infrastructure by 6.8% in the 4th quarter. WNY Asset Management LLC now owns 21,090 shares of the financial services provider’s stock valued at $886,000 after buying an additional 1,348 shares in the last quarter. Cornerstone Advisory LLC purchased a new stake in Tortoise Energy Infrastructure in the 4th quarter valued at $448,000. Focus Partners Advisor Solutions LLC purchased a new stake in Tortoise Energy Infrastructure in the 4th quarter valued at $785,000. Finally, CSS LLC IL purchased a new stake in Tortoise Energy Infrastructure in the 4th quarter valued at $480,000. 32.50% of the stock is currently owned by hedge funds and other institutional investors.

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.