Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) Sees Significant Decline in Short Interest

Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) was the target of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 4,300 shares, a decline of 57.0% from the February 29th total of 10,000 shares. Based on an average daily volume of 14,900 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Tortoise Midstream Energy Fund

Several large investors have recently modified their holdings of NTG. Principal Securities Inc. bought a new position in Tortoise Midstream Energy Fund during the fourth quarter worth $32,000. Blue Bell Private Wealth Management LLC bought a new position in shares of Tortoise Midstream Energy Fund in the 4th quarter worth about $45,000. Harbour Investments Inc. bought a new position in shares of Tortoise Midstream Energy Fund in the 1st quarter worth about $121,000. City of London Investment Management Co. Ltd. acquired a new position in shares of Tortoise Midstream Energy Fund in the 1st quarter valued at about $204,000. Finally, HighTower Advisors LLC bought a new stake in shares of Tortoise Midstream Energy Fund during the 1st quarter valued at about $201,000.

Tortoise Midstream Energy Fund Price Performance

Tortoise Midstream Energy Fund stock traded up $0.72 during trading on Thursday, reaching $38.37. The company had a trading volume of 15,599 shares, compared to its average volume of 14,113. Tortoise Midstream Energy Fund has a 12-month low of $31.25 and a 12-month high of $38.38. The stock’s 50 day moving average price is $35.88 and its two-hundred day moving average price is $34.83.

Tortoise Midstream Energy Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 22nd were given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 8.03%. The ex-dividend date was Wednesday, February 21st. Tortoise Midstream Energy Fund’s payout ratio is currently -10,341.47%.

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.