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

Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE:TPZ) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 17,667 shares, a decline of 70.7% from the June 15th total of 60,385 shares. Based on an average trading volume of 11,973 shares, the short-interest ratio is currently 1.5 days. Currently, 0.3% of the shares of the company are short sold.

Tortoise Power and Energy Infrastructure Fund Price Performance

Shares of Tortoise Power and Energy Infrastructure Fund stock traded up $0.01 on Friday, hitting $22.09. The stock had a trading volume of 5,052 shares, compared to its average volume of 13,083. Tortoise Power and Energy Infrastructure Fund has a twelve month low of $19.93 and a twelve month high of $23.03. The business’s 50 day moving average is $22.03 and its two-hundred day moving average is $21.77.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TPZ. JPMorgan Chase & Co. grew its holdings in Tortoise Power and Energy Infrastructure Fund by 233.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,800 shares of the investment management company’s stock valued at $160,000 after buying an additional 5,463 shares in the last quarter. Walleye Capital LLC acquired a new stake in shares of Tortoise Power and Energy Infrastructure Fund during the second quarter worth $213,000. Osaic Holdings Inc. boosted its position in shares of Tortoise Power and Energy Infrastructure Fund by 7.1% in the second quarter. Osaic Holdings Inc. now owns 26,701 shares of the investment management company’s stock valued at $547,000 after acquiring an additional 1,771 shares during the period. First Trust Advisors LP boosted its position 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 acquiring an additional 2,059 shares during the period. Finally, Focus Partners Wealth acquired a new position in shares of Tortoise Power and Energy Infrastructure Fund in the fourth quarter valued at about $6,231,000.

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.