Tortoise Energy Independence Fund, Inc. (NYSE:NDP – Get Free Report) saw a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 1,900 shares, a decline of 53.7% from the January 15th total of 4,100 shares. Based on an average daily trading volume, of 11,300 shares, the days-to-cover ratio is currently 0.2 days.
Tortoise Energy Independence Fund Price Performance
Tortoise Energy Independence Fund stock traded up $0.72 during trading on Monday, hitting $29.29. The stock had a trading volume of 5,132 shares, compared to its average volume of 7,129. Tortoise Energy Independence Fund has a 1 year low of $25.81 and a 1 year high of $32.84. The stock’s 50 day moving average is $28.71 and its two-hundred day moving average is $30.28.
Tortoise Energy Independence Fund Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 29th. Investors of record on Thursday, February 22nd will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 8.60%. The ex-dividend date is Wednesday, February 21st.
Institutional Inflows and Outflows
Tortoise Energy Independence Fund Company Profile
Tortoise Energy Independence Fund, Inc is a close ended equity mutual fund launched and managed by Tortoise Capital Advisors LLC The fund invests in the public equity markets of the North American. It seeks to invest primarily in the energy sector. The fund employs a fundamental analysis with a bottom up stock picking approach with focus on factors like quantitative, qualitative, and relative value factors to create its portfolio.
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