Tortoise Energy Independence Fund, Inc. (NYSE:NDP) Short Interest Update

Tortoise Energy Independence Fund, Inc. (NYSE:NDP) was the recipient of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 1,800 shares, a drop of 35.7% from the October 31st total of 2,800 shares. Based on an average daily trading volume, of 6,700 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Tortoise Energy Independence Fund

A number of large investors have recently made changes to their positions in NDP. Quarry LP bought a new stake in shares of Tortoise Energy Independence Fund during the third quarter valued at approximately $131,000. Wolverine Asset Management LLC purchased a new stake in Tortoise Energy Independence Fund in the third quarter worth about $148,000. Blue Bell Private Wealth Management LLC grew its holdings in Tortoise Energy Independence Fund by 18.5% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 12,807 shares of the company’s stock worth $463,000 after acquiring an additional 2,001 shares in the last quarter. Almitas Capital LLC purchased a new position in Tortoise Energy Independence Fund during the 2nd quarter valued at about $546,000. Finally, Bayshore Asset Management LLC purchased a new stake in shares of Tortoise Energy Independence Fund in the 3rd quarter worth approximately $714,000.

Tortoise Energy Independence Fund Stock Performance

NYSE NDP traded up $0.39 on Thursday, reaching $43.99. The company had a trading volume of 18,253 shares, compared to its average volume of 5,682. Tortoise Energy Independence Fund has a 12 month low of $27.38 and a 12 month high of $45.40. The firm’s 50 day moving average price is $40.53 and its 200 day moving average price is $37.36.

Tortoise Energy Independence Fund Announces Dividend

The firm also recently declared a — dividend, which will be paid on Friday, December 13th. Investors of record on Friday, December 6th will be issued a $0.255 dividend. This represents a dividend yield of 5.8%. The ex-dividend date is Friday, December 6th.

Tortoise Energy Independence Fund Company Profile

Tortoise Energy Independence Fund, Inc is a close ended equity mutual fund launched and managed by Tortoise Capital Advisors LLC The fund invests in the public equity markets of the North American. It seeks to invest primarily in the energy sector. The fund employs a fundamental analysis with a bottom up stock picking approach with focus on factors like quantitative, qualitative, and relative value factors to create its portfolio.