Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) Short Interest Update

Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 4,760 shares, a decline of 80.5% from the May 14th total of 24,411 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 9,076 shares, the short-interest ratio is currently 0.5 days.

Tortoise Power and Energy Infrastructure Fund Stock Up 1.1%

Shares of NYSE TPZ traded up $0.24 during trading hours on Friday, reaching $21.84. The stock had a trading volume of 6,094 shares, compared to its average volume of 13,418. The business’s fifty day moving average price is $22.10 and its two-hundred day moving average price is $21.60. Tortoise Power and Energy Infrastructure Fund has a 52-week low of $19.64 and a 52-week high of $23.03.

Institutional Trading of Tortoise Power and Energy Infrastructure Fund

Large investors have recently modified their holdings of the company. Sound Income Strategies LLC purchased a new stake in shares of Tortoise Power and Energy Infrastructure Fund in the first quarter valued at approximately $31,000. JPMorgan Chase & Co. boosted its holdings in shares of Tortoise Power and Energy Infrastructure Fund by 233.8% in the second quarter. JPMorgan Chase & Co. now owns 7,800 shares of the investment management company’s stock valued at $160,000 after purchasing an additional 5,463 shares during the period. Breakwater Capital Group purchased a new stake in shares of Tortoise Power and Energy Infrastructure Fund in the first quarter valued at approximately $204,000. Walleye Capital LLC purchased a new stake in shares of Tortoise Power and Energy Infrastructure Fund in the second quarter valued at approximately $213,000. Finally, First Trust Advisors LP boosted its holdings in shares of Tortoise Power and Energy Infrastructure Fund by 19.4% in the third quarter. First Trust Advisors LP now owns 12,678 shares of the investment management company’s stock valued at $266,000 after purchasing an additional 2,059 shares during the period.

About Tortoise Power and Energy Infrastructure Fund

Tortoise Power and Energy Infrastructure Fund, Inc (NYSE: TPZ) is a closed-end management investment company that seeks total return through a mix of current income and capital appreciation. The fund pursues its objectives by investing primarily in exchange-listed closed-end funds that themselves hold securities of energy infrastructure companies. This fund-of-funds structure allows TPZ to offer diversified exposure to multiple segments of the energy infrastructure sector without directly purchasing individual corporate securities.

TPZ’s underlying investments include equity, debt and hybrid instruments issued by companies involved in the transportation, storage and processing of oil and natural gas, as well as utilities and power generation businesses.