Tortoise Global Water ESG Fund (NYSE:TBLU) Sees Large Decrease in Short Interest

Tortoise Global Water ESG Fund (NYSE:TBLU) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 1,097 shares, a drop of 47.0% from the August 15th total of 2,068 shares. Based on an average trading volume of 1,620 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.1% of the shares of the company are sold short.

Tortoise Global Water ESG Fund Stock Up 0.1%

TBLU stock traded up $0.03 during midday trading on Thursday, reaching $49.58. The stock had a trading volume of 1,486 shares, compared to its average volume of 2,674. The firm has a market cap of $50.57 million, a price-to-earnings ratio of -3,840.86 and a beta of 0.92. Tortoise Global Water ESG Fund has a twelve month low of $48.94 and a twelve month high of $56.90. The business has a fifty day simple moving average of $51.46 and a two-hundred day simple moving average of $51.18.

Tortoise Global Water ESG Fund Dividend Announcement

The company also recently declared a semiannual dividend, which was paid on Friday, June 26th. Stockholders of record on Thursday, June 25th were issued a $0.5046 dividend. This represents a dividend yield of 196.0%. The ex-dividend date was Thursday, June 25th. Tortoise Global Water ESG Fund’s payout ratio is -13,713.49%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers lifted its stake in Tortoise Global Water ESG Fund by 5.7% in the 1st quarter. Cetera Investment Advisers now owns 5,147 shares of the company’s stock valued at $260,000 after purchasing an additional 276 shares during the last quarter. Western Wealth Management LLC bought a new position in shares of Tortoise Global Water ESG Fund during the first quarter worth approximately $40,000. Beckerman Institutional LLC acquired a new position in Tortoise Global Water ESG Fund in the 2nd quarter valued at $108,000. Harel Insurance Investments & Financial Services Ltd. lifted its position in Tortoise Global Water ESG Fund by 28.2% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 52,550 shares of the company’s stock worth $2,650,000 after purchasing an additional 11,574 shares during the period. Finally, Thrivent Financial for Lutherans acquired a new stake in shares of Tortoise Global Water ESG Fund during the 4th quarter worth approximately $1,874,000.

Tortoise Global Water ESG Fund Company Profile

The Tortoise Global Water ESG Fund (TBLU) is an exchange-traded fund that is based on the Ecofin Global Water ESG index. EBLU tracks an index of water infrastructure and management companies listed in developed countries. TBLU was launched on Feb 14, 2017 and is issued by Tortoise.