Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) Short Interest Update

Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) 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

A number of institutional investors have recently modified their holdings of NTG. HighTower Advisors LLC bought a new stake in Tortoise Midstream Energy Fund during the 3rd quarter valued at approximately $1,082,000. Stansberry Asset Management LLC grew its stake in shares of Tortoise Midstream Energy Fund by 3.8% in the third quarter. Stansberry Asset Management LLC now owns 57,611 shares of the investment management company’s stock worth $1,968,000 after acquiring an additional 2,113 shares during the last quarter. Advisors Asset Management Inc. increased its position in Tortoise Midstream Energy Fund by 50.4% during the third quarter. Advisors Asset Management Inc. now owns 77,911 shares of the investment management company’s stock worth $2,661,000 after acquiring an additional 26,109 shares during the period. Meixler Investment Management Ltd. raised its stake in Tortoise Midstream Energy Fund by 22.8% during the 3rd quarter. Meixler Investment Management Ltd. now owns 80,222 shares of the investment management company’s stock valued at $2,740,000 after purchasing an additional 14,875 shares during the last quarter. Finally, Cahill Financial Advisors Inc. boosted its holdings in Tortoise Midstream Energy Fund by 2.4% in the 2nd quarter. Cahill Financial Advisors Inc. now owns 21,537 shares of the investment management company’s stock valued at $745,000 after purchasing an additional 497 shares during the period.

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.