Tortoise Midstream Energy Fund, Inc. (NYSE:NTG – Get Free Report) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totalling 5,400 shares, a drop of 61.4% from the June 30th total of 14,000 shares. Based on an average trading volume of 13,300 shares, the days-to-cover ratio is currently 0.4 days.
Tortoise Midstream Energy Fund Price Performance
Shares of NYSE NTG traded down $0.50 during mid-day trading on Thursday, reaching $42.85. 6,242 shares of the company traded hands, compared to its average volume of 13,256. Tortoise Midstream Energy Fund has a fifty-two week low of $31.54 and a fifty-two week high of $44.95. The stock has a fifty day simple moving average of $41.50 and a 200-day simple moving average of $38.45.
Tortoise Midstream Energy Fund Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 24th were paid a dividend of $0.77 per share. The ex-dividend date was Thursday, May 23rd. This represents a $3.08 dividend on an annualized basis and a dividend yield of 7.19%. Tortoise Midstream Energy Fund’s dividend payout ratio is presently -10,341.47%.
Institutional Inflows and Outflows
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.
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