Tortoise Pipeline & Energy Fund, Inc. (NYSE:TTP – Get Free Report) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 4,600 shares, an increase of 70.4% from the September 15th total of 2,700 shares. Based on an average trading volume of 9,500 shares, the short-interest ratio is currently 0.5 days.
Tortoise Pipeline & Energy Fund Price Performance
Tortoise Pipeline & Energy Fund stock opened at $44.83 on Monday. The company’s 50 day simple moving average is $41.72 and its 200-day simple moving average is $36.56. Tortoise Pipeline & Energy Fund has a 1 year low of $26.43 and a 1 year high of $44.83.
Tortoise Pipeline & Energy Fund Dividend Announcement
The company also recently declared 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. This represents a $2.36 dividend on an annualized basis and a yield of 5.26%. The ex-dividend date was Friday, August 23rd.
Institutional Inflows and Outflows
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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