Tortoise Midstream Energy Fund, Inc. (NYSE:NTG – Get Free Report) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totalling 5,400 shares, a decrease of 61.4% from the June 30th total of 14,000 shares. Based on an average daily volume of 13,300 shares, the days-to-cover ratio is presently 0.4 days.
Tortoise Midstream Energy Fund Price Performance
Shares of NTG traded down $0.50 during mid-day trading on Thursday, hitting $42.85. 6,242 shares of the company traded hands, compared to its average volume of 13,256. Tortoise Midstream Energy Fund has a one year low of $31.54 and a one year high of $44.95. The business has a 50-day moving average of $41.50 and a 200 day moving average of $38.45.
Tortoise Midstream Energy Fund Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 24th were paid a dividend of $0.77 per share. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $3.08 annualized dividend and a dividend yield of 7.19%. Tortoise Midstream Energy Fund’s dividend payout ratio (DPR) is currently -10,341.47%.
Institutional Trading of Tortoise Midstream Energy Fund
About Tortoise Midstream Energy Fund
Tortoise MLP Fund, Inc is a close ended equity mutual fund launched and managed by Tortoise Capital Advisors LLC It invests in public equity markets. The fund primarily invests in equity securities of MLPs and their affiliates, with an emphasis on natural gas infrastructure Master Limited Partnerships.
Featured Stories
- Five stocks we like better than Tortoise Midstream Energy Fund
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- Viking Therapeutics: Pharma Stock Soars on Positive Earnings
- How to Use Stock Screeners to Find Stocks
- Top 3 Small Cap Stocks Emerging as Rotation Winners
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- Bargain Alert: 3 Stocks Worth Watching While The Market Cools
Receive News & Ratings for Tortoise Midstream Energy Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tortoise Midstream Energy Fund and related companies with MarketBeat.com's FREE daily email newsletter.