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

Tortoise Energy Infrastructure Corporation (NYSE:TYG) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 13,323 shares, a decline of 72.8% from the September 15th total of 49,005 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 194,391 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada increased its stake in shares of Tortoise Energy Infrastructure by 17.5% during the 1st 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 last quarter. LaSalle St. Investment Advisors LLC acquired a new stake in Tortoise Energy Infrastructure in the 2nd quarter worth about $1,052,000. Commerce Bank bought a new position in shares of Tortoise Energy Infrastructure in the second quarter worth $2,951,000. Rivernorth Capital Management LLC bought a new position in shares of Tortoise Energy Infrastructure in the 2nd quarter valued at $4,557,000. Finally, Bank of America Corp DE bought a new position in Tortoise Energy Infrastructure in the 2nd quarter valued at approximately $2,616,000. Institutional investors own 32.50% of the company’s stock.

Tortoise Energy Infrastructure Trading Up 1.0%

TYG traded up $0.41 during mid-day trading on Tuesday, hitting $40.34. The stock had a trading volume of 108,786 shares, compared to its average volume of 154,555. The stock’s fifty day simple moving average is $42.04 and its 200-day simple moving average is $44.19. Tortoise Energy Infrastructure has a 1-year low of $37.45 and a 1-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. Investors of record on Monday, November 23rd will be given a $0.4750 dividend. The ex-dividend date is Monday, November 23rd. This represents a $5.70 dividend on an annualized basis and a dividend yield of 14.1%.

About Tortoise Energy Infrastructure

Tortoise Energy Infrastructure Corp. (NYSE: TYG) is a publicly traded, non-diversified closed-end investment company. The fund seeks to provide investors with total return through a combination of current income and capital appreciation by investing primarily in companies involved in energy infrastructure.

Its portfolio may include master limited partnerships, corporations and other entities that own or operate infrastructure used to transport, store, process or otherwise handle energy commodities.