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

Tortoise Midstream Energy Fund, Inc. (NYSE:NTG) saw a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 1,400 shares, a decline of 30.0% from the November 15th total of 2,000 shares. Based on an average trading volume of 11,400 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Tortoise Midstream Energy Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Tortoise Midstream Energy Fund by 3,900.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,000 shares of the investment management company’s stock valued at $43,000 after purchasing an additional 975 shares during the period. Quarry LP purchased a new position in Tortoise Midstream Energy Fund in the third quarter valued at approximately $73,000. Wealth Enhancement Advisory Services LLC purchased a new position in Tortoise Midstream Energy Fund in the second quarter valued at approximately $216,000. Matisse Capital lifted its position in shares of Tortoise Midstream Energy Fund by 7.0% during the second quarter. Matisse Capital now owns 6,655 shares of the investment management company’s stock worth $286,000 after acquiring an additional 435 shares in the last quarter. Finally, Moors & Cabot Inc. lifted its position in shares of Tortoise Midstream Energy Fund by 13.3% during the second quarter. Moors & Cabot Inc. now owns 8,500 shares of the investment management company’s stock worth $365,000 after acquiring an additional 1,000 shares in the last quarter.

Tortoise Midstream Energy Fund Stock Up 0.4 %

Shares of NTG stock traded up $0.21 on Friday, hitting $54.71. 17,966 shares of the stock were exchanged, compared to its average volume of 12,763. Tortoise Midstream Energy Fund has a fifty-two week low of $33.56 and a fifty-two week high of $59.45. The business has a 50-day moving average of $53.23 and a 200 day moving average of $46.96.

Tortoise Midstream Energy Fund Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, December 6th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a yield of 5.5%. Tortoise Midstream Energy Fund’s dividend payout ratio (DPR) is presently -10,610.08%.

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.