Tortoise Energy Infrastructure C (NYSE:TYG)’s Trend Up, Especially After Decreased Shorts

July 17, 2017 - By Hazel Jackson

 Tortoise Energy Infrastructure C (NYSE:TYG)’s Trend Up, Especially After Decreased Shorts

Investors sentiment increased to 1.22 in 2016 Q4. Its up 0.29, from 0.93 in 2016Q3. It is positive, as 12 investors sold Tortoise Energy Infrastructure Corp. shares while 33 reduced holdings. 9 funds opened positions while 46 raised stakes. 14.39 million shares or 3.21% more from 13.94 million shares in 2016Q3 were reported.
Botty Invsts Lc reported 23,120 shares stake. The Missouri-based First Allied Advisory Services Inc has invested 0.02% in Tortoise Energy Infrastructure Corp. (NYSE:TYG). Ingalls And Snyder Ltd Liability reported 65,383 shares. Boulegeris Inc reported 2.36% stake. Segall Bryant & Hamill owns 179,344 shares for 0.14% of their portfolio. Financial Advisory stated it has 9,452 shares or 0.09% of all its holdings. Caprock has invested 0.07% in Tortoise Energy Infrastructure Corp. (NYSE:TYG). Next Fincl Gru Inc has 0% invested in Tortoise Energy Infrastructure Corp. (NYSE:TYG) for 130 shares. Ameriprise Finance owns 25,877 shares. Allen Invest Mgmt Llc reported 38,811 shares. Plante Moran Fincl Advsrs Ltd Liability Corporation stated it has 1,082 shares or 0.02% of all its holdings. Dubuque Comml Bank And reported 0% of its portfolio in Tortoise Energy Infrastructure Corp. (NYSE:TYG). 12,814 are owned by Fort Washington Invest Advisors Oh. Baldwin Brothers Ma holds 0.1% or 17,323 shares. Stephens Inc Ar stated it has 26,818 shares or 0.03% of all its holdings.

Since April 12, 2017, it had 1 insider purchase, and 0 sales for $3,506 activity. Shares for $3,506 were bought by BIRZER H KEVIN on Wednesday, April 12.

The stock of Tortoise Energy Infrastructure C (NYSE:TYG) registered a decrease of 24.43% in short interest. TYG’s total short interest was 243,800 shares in July as published by FINRA. Its down 24.43% from 322,600 shares, reported previously. With 225,100 shares average volume, it will take short sellers 1 days to cover their TYG’s short positions.

The stock decreased 1.63% or $0.5 on July 17, reaching $30.18. About 406,127 shares traded or 119.19% up from the average. Tortoise Energy Infrastructure Corp. (NYSE:TYG) has risen 14.57% since July 17, 2016 and is uptrending. It has underperformed by 2.13% the S&P500.

Tortoise Energy Infrastructure Corporation is a non-diversified, closed-end management investment company. The company has market cap of $1.50 billion. The Fund seeks a high level of total return with a focus on current distributions paid to stockholders. It currently has negative earnings. The Fund invests primarily in equity securities of master limited partnerships (MLPs) and their affiliates that transport, gather, process or store natural gas, natural gas liquids (NGLs), crude oil and refined petroleum products.

Another recent and important Tortoise Energy Infrastructure Corp. (NYSE:TYG) news was published by which published an article titled: “Reviewing CEFs That Focus On MLPs: Avoiding The Dreaded K-1” on February 17, 2017.

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