Tortoise Global Water ESG Fund (NYSE:TBLU) Short Interest Down 47.0% in August

Tortoise Global Water ESG Fund (NYSE:TBLU) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 1,097 shares, a drop of 47.0% from the August 15th total of 2,068 shares. Based on an average daily trading volume, of 1,620 shares, the short-interest ratio is currently 0.7 days. Approximately 0.1% of the shares of the company are sold short.

Tortoise Global Water ESG Fund Stock Down 0.0%

TBLU stock traded down $0.01 during mid-day trading on Wednesday, reaching $49.30. The company had a trading volume of 2,247 shares, compared to its average volume of 2,683. Tortoise Global Water ESG Fund has a one year low of $48.94 and a one year high of $56.90. The stock has a market capitalization of $50.28 million, a P/E ratio of -3,819.56 and a beta of 0.92. The stock’s 50-day simple moving average is $51.46 and its two-hundred day simple moving average is $51.18.

Tortoise Global Water ESG Fund Dividend Announcement

The company also recently disclosed a semiannual dividend, which was paid on Friday, June 26th. Investors of record on Thursday, June 25th were issued a $0.5046 dividend. This represents a dividend yield of 196.0%. The ex-dividend date of this dividend was Thursday, June 25th. Tortoise Global Water ESG Fund’s dividend payout ratio (DPR) is -13,713.49%.

Institutional Trading of Tortoise Global Water ESG Fund

Hedge funds have recently bought and sold shares of the company. Western Wealth Management LLC acquired a new position in shares of Tortoise Global Water ESG Fund during the first quarter worth approximately $40,000. Cetera Investment Advisers increased its position in Tortoise Global Water ESG Fund by 5.7% in the 1st quarter. Cetera Investment Advisers now owns 5,147 shares of the company’s stock valued at $260,000 after acquiring an additional 276 shares during the period. Beckerman Institutional LLC acquired a new stake in Tortoise Global Water ESG Fund in the 2nd quarter valued at approximately $108,000. Thrivent Financial for Lutherans bought a new stake in Tortoise Global Water ESG Fund during the 4th quarter valued at $1,874,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its position in Tortoise Global Water ESG Fund by 28.2% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 52,550 shares of the company’s stock worth $2,650,000 after acquiring an additional 11,574 shares during the period.

Tortoise Global Water ESG Fund Company Profile

The Tortoise Global Water ESG Fund (TBLU) is an exchange-traded fund that is based on the Ecofin Global Water ESG index. EBLU tracks an index of water infrastructure and management companies listed in developed countries. TBLU was launched on Feb 14, 2017 and is issued by Tortoise.