Tortoise North American Pipeline Fund (NYSE:TPYP) Stock Short Interest Report for October

Tortoise North American Pipeline Fund (NYSE:TPYP) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 336,312 shares, a growth of 238.7% from the September 30th total of 99,291 shares. Approximately 1.6% of the company’s stock are short sold. Based on an average daily volume of 46,918 shares, the short-interest ratio is currently 7.2 days.

Institutional Trading of Tortoise North American Pipeline Fund

A number of large investors have recently bought and sold shares of TPYP. Foster & Motley Inc. acquired a new stake in shares of Tortoise North American Pipeline Fund in the second quarter valued at approximately $27,078,000. Diversify Wealth Management LLC grew its position in shares of Tortoise North American Pipeline Fund by 50.8% in the 1st quarter. Diversify Wealth Management LLC now owns 61,547 shares of the company’s stock valued at $2,605,000 after purchasing an additional 20,727 shares during the period. Eagle Strategies LLC lifted its position in shares of Tortoise North American Pipeline Fund by 11.4% in the third quarter. Eagle Strategies LLC now owns 195,309 shares of the company’s stock worth $7,786,000 after purchasing an additional 20,000 shares in the last quarter. Arvest Investments Inc. lifted its stake in Tortoise North American Pipeline Fund by 5.7% in the third quarter. Arvest Investments Inc. now owns 365,434 shares of the company’s stock valued at $14,568,000 after acquiring an additional 19,688 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Tortoise North American Pipeline Fund by 148.4% during the 1st quarter. Bank of New York Mellon Corp now owns 26,936 shares of the company’s stock valued at $1,141,000 after purchasing an additional 16,094 shares during the last quarter.

Tortoise North American Pipeline Fund Trading Up 0.7%

NYSE TPYP traded up $0.30 during trading on Friday, hitting $44.37. 17,985 shares of the company traded hands, compared to its average volume of 74,411. The business has a fifty day simple moving average of $42.26 and a 200 day simple moving average of $41.74. Tortoise North American Pipeline Fund has a 12 month low of $33.94 and a 12 month high of $44.65. The company has a market capitalization of $931.22 million, a P/E ratio of 18.76 and a beta of 0.58.

Tortoise North American Pipeline Fund Company Profile

The Tortoise North American Pipeline Fund (TPYP) is an exchange-traded fund that is based on the Tortoise North American Pipeline index. The fund tracks an index of North American pipeline entities organized as MLPs, MLP affiliates, LLCs, and corporations. TPYP was launched on Jun 30, 2015 and is managed by Tortoise.