Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) Stock Short Interest Report for October

by · The Markets Daily

Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ – Get Free Report) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 4,504 shares, a drop of 39.6% from the September 30th total of 7,459 shares. Based on an average daily volume of 8,052 shares, the short-interest ratio is presently 0.6 days. Approximately 0.1% of the shares of the stock are sold short.

Tortoise Power and Energy Infrastructure Fund Trading Up 0.1%

Tortoise Power and Energy Infrastructure Fund stock opened at $21.47 on Friday. Tortoise Power and Energy Infrastructure Fund has a 52 week low of $19.68 and a 52 week high of $23.03. The firm’s 50-day simple moving average is $20.89 and its 200 day simple moving average is $21.64.

Institutional Investors Weigh In On Tortoise Power and Energy Infrastructure Fund

A number of institutional investors have recently bought and sold shares of TPZ. Sound Income Strategies LLC acquired a new stake in Tortoise Power and Energy Infrastructure Fund during the 1st quarter worth approximately $31,000. NWF Advisory Services Inc. raised its holdings in Tortoise Power and Energy Infrastructure Fund by 16.6% in the first quarter. NWF Advisory Services Inc. now owns 16,189 shares of the investment management company’s stock valued at $354,000 after buying an additional 2,300 shares during the period. Davidson Trust Co. acquired a new position in Tortoise Power and Energy Infrastructure Fund during the third quarter valued at approximately $458,000. D.A. Davidson & CO. acquired a new position in Tortoise Power and Energy Infrastructure Fund during the third quarter valued at approximately $1,300,000. Finally, Cetera Investment Advisers lifted its position in Tortoise Power and Energy Infrastructure Fund by 1,169.9% during the first quarter. Cetera Investment Advisers now owns 135,508 shares of the investment management company’s stock valued at $2,965,000 after buying an additional 124,837 shares in the last quarter.

About Tortoise Power and Energy Infrastructure Fund

(Get Free Report)

Tortoise Power and Energy Infrastructure Fund (NYSE: TPZ) is a closed-end investment fund focused on the power and energy infrastructure sector. The fund seeks to provide current income and long-term capital appreciation by investing in a portfolio of debt and equity securities issued by companies involved in power generation, electric transmission and distribution, energy transportation, and related infrastructure.

Its investments may include utility companies, independent power producers, midstream energy businesses, renewable energy developers, and other firms that own or operate essential energy infrastructure.

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