Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP – Get Free Report) saw a large increase in short interest during the month of August. As of August 15th, there was short interest totalling 7,200 shares, an increase of 53.2% from the July 31st total of 4,700 shares. Based on an average daily trading volume, of 9,000 shares, the short-interest ratio is presently 0.8 days.
Tortoise Pipeline & Energy Fund Stock Up 0.2 %
Shares of NYSE:TTP opened at $41.69 on Friday. Tortoise Pipeline & Energy Fund has a 1 year low of $26.21 and a 1 year high of $42.10. The business’s 50 day moving average price is $37.46 and its 200-day moving average price is $33.83.
Tortoise Pipeline & Energy Fund Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 23rd were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $2.36 annualized dividend and a yield of 5.66%.
Institutional Investors Weigh In On Tortoise Pipeline & Energy Fund
Tortoise Pipeline & Energy Fund Company Profile
Tortoise Pipeline & Energy Fund, Inc is a closed ended equity mutual fund launched and managed by Tortoise Capital Advisors, LLC. It invests in public equity markets of North America. The fund invests in pipeline companies that engage in the business of transporting natural gas, natural gas liquids, crude oil, and refined petroleum products.
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