Tortoise North American Pipeline Fund (NYSE:TPYP) Short Interest Up 126.5% in August

Tortoise North American Pipeline Fund (NYSE:TPYP) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 93,328 shares, an increase of 126.5% from the August 15th total of 41,197 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average trading volume of 36,882 shares, the short-interest ratio is presently 2.5 days.

Tortoise North American Pipeline Fund Price Performance

Shares of NYSE TPYP opened at $42.71 on Monday. Tortoise North American Pipeline Fund has a 1-year low of $33.94 and a 1-year high of $44.65. The business has a fifty day moving average price of $43.05 and a 200 day moving average price of $42.51. The stock has a market capitalization of $870.04 million, a P/E ratio of 18.76 and a beta of 0.55.

Institutional Trading of Tortoise North American Pipeline Fund

Several hedge funds have recently modified their holdings of TPYP. Integrated Wealth Concepts LLC bought a new stake in shares of Tortoise North American Pipeline Fund in the 2nd quarter valued at about $34,000. Allworth Financial LP lifted its position in Tortoise North American Pipeline Fund by 5.5% during the second quarter. Allworth Financial LP now owns 7,771 shares of the company’s stock valued at $326,000 after acquiring an additional 406 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in Tortoise North American Pipeline Fund by 1.0% during the second quarter. Parkside Financial Bank & Trust now owns 288,602 shares of the company’s stock valued at $12,101,000 after acquiring an additional 2,797 shares during the last quarter. Continuum Advisory LLC acquired a new stake in Tortoise North American Pipeline Fund in the second quarter valued at approximately $37,000. Finally, Foster & Motley Inc. purchased a new position in Tortoise North American Pipeline Fund in the second quarter worth $27,078,000.

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.