Tortoise Midstream Energy Fund, Inc. (NYSE:NTG – Get Free Report) was the recipient of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 4,300 shares, a decrease of 57.0% from the February 29th total of 10,000 shares. Based on an average daily trading volume, of 14,900 shares, the days-to-cover ratio is currently 0.3 days.
Tortoise Midstream Energy Fund Stock Performance
Shares of NYSE NTG traded up $0.72 during mid-day trading on Thursday, reaching $38.37. 15,599 shares of the company traded hands, compared to its average volume of 14,113. The company’s fifty day moving average is $35.88 and its two-hundred day moving average is $34.83. Tortoise Midstream Energy Fund has a fifty-two week low of $31.25 and a fifty-two week high of $38.38.
Tortoise Midstream Energy Fund Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 22nd were issued a dividend of $0.77 per share. The ex-dividend date was Wednesday, February 21st. This represents a $3.08 annualized dividend and a yield of 8.03%. Tortoise Midstream Energy Fund’s dividend payout ratio (DPR) is presently -10,341.47%.
Hedge Funds Weigh In On Tortoise Midstream Energy Fund
Tortoise Midstream Energy Fund Company Profile
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.
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