Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP) Short Interest Up 900.0% in June

( ) was the subject of a significant increase in short-term interest in June. On June 30, there were 1,000 shares of short interest, which is a 900.0% increase from 100 shares on June 15. The short-interest rate is currently 0.2 days based on an average daily volume of 4,500 shares.

Tortoise Pipeline & Energy Fund stock performance

Trading hours were Friday and the price of stock fell $0.84 to $27.56. The trading volume was 6,085 shares compared to the average of 5,875. The stock's 50-day average is $26.58. Its two-hundred-day average is $26.87. Recently, the company announced a quarter dividend that was paid out on May 31st. Investors who had their shares in the company's records on Wednesday, May 24, received a $0.59 dividend per share. Dividend yield is 8.56%. This amounts to a $2.36 annualized dividend. The ex-dividend day was Tuesday, 23rd May.

Hedge Funds weigh in on Tortoise Pipeline & Energy Fund

Recent institutional investors have increased or decreased their stakes in a company. UBS Group AG increased their holdings of Tortoise Pipeline & Energy Fund shares by 89.3% in the second quarter. Davidson & CO. purchased a new stake of $203,000 in Tortoise Pipeline & Energy Fund, during the first quarter. Almitas Capital LLC purchased a stake in Tortoise Pipeline & Energy Fund valued at $236,000 during the fourth quarter. Zimmer Partners LP acquired a new stake in Tortoise Pipeline & Energy Fund during the first quarter, valued at $274,000. Rockefeller Capital Management L.P. increased its stake in Tortoise Pipeline & Energy Fund in the first quarter by 18.0%. Rockefeller Capital Management L.P. owns 12,089 of the investment company's shares worth $310,000, after buying an additional 1,845 in the last quarter.

Tortoise Pipeline & Energy Fund Company profile

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Tortoise Pipeline & Energy Fund, Inc. is a closed-ended equity mutual fund that was launched and managed Tortoise Capital Advisors, LLC. It invests on public equity markets in North America. The fund invests into pipeline companies involved in transporting crude oil, refined petroleum products, natural gas and natural gas liquids.

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