Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) Short Interest Update

Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) saw a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 8,900 shares, an increase of 169.7% from the October 31st total of 3,300 shares. Based on an average daily volume of 23,100 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Tortoise Power and Energy Infrastructure Fund

Institutional investors have recently added to or reduced their stakes in the business. Carmichael Hill & Associates Inc. increased its position in shares of Tortoise Power and Energy Infrastructure Fund by 3.4% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 21,429 shares of the investment management company’s stock valued at $338,000 after purchasing an additional 705 shares during the last quarter. Choreo LLC increased its position in shares of Tortoise Power and Energy Infrastructure Fund by 7.7% during the 2nd quarter. Choreo LLC now owns 44,574 shares of the investment management company’s stock valued at $702,000 after purchasing an additional 3,169 shares during the last quarter. Wolverine Asset Management LLC bought a new position in shares of Tortoise Power and Energy Infrastructure Fund during the 2nd quarter valued at about $109,000. Sanctuary Advisors LLC bought a new position in shares of Tortoise Power and Energy Infrastructure Fund during the 2nd quarter valued at about $258,000. Finally, Quarry LP purchased a new stake in Tortoise Power and Energy Infrastructure Fund during the 3rd quarter valued at about $335,000.

Tortoise Power and Energy Infrastructure Fund Price Performance

NYSE TPZ traded up $0.14 during trading on Friday, reaching $20.82. The company’s stock had a trading volume of 32,464 shares, compared to its average volume of 15,793. The firm has a fifty day moving average of $19.18 and a 200 day moving average of $17.48. Tortoise Power and Energy Infrastructure Fund has a one year low of $13.36 and a one year high of $20.96.

Tortoise Power and Energy Infrastructure Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 22nd were paid a $0.105 dividend. The ex-dividend date was Friday, November 22nd. This represents a $1.26 dividend on an annualized basis and a yield of 6.05%.

About Tortoise Power and Energy Infrastructure Fund

Tortoise Power and Energy Infrastructure Fund, Inc is a closed-ended balanced mutual fund launched and managed by Tortoise Capital Advisors, LLC. The fund invests in the fixed income and public equity markets of the United States. It invests in securities of companies operating in the power and energy infrastructure sectors.