Tortoise North American Pipeline Fund (NYSE:TPYP) Shares Shorted: Short Interest Down 86.7% in October

Tortoise North American Pipeline Fund (NYSE:TPYP) was the target of a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 44,864 shares, a decline of 86.7% from the October 15th total of 336,312 shares. Based on an average daily volume of 26,454 shares, the short-interest ratio is currently 1.7 days. Approximately 0.2% of the shares of the company are sold short.

Tortoise North American Pipeline Fund Trading Up 0.7%

NYSE TPYP traded up $0.30 on Wednesday, reaching $42.10. 5,723 shares of the stock were exchanged, compared to its average volume of 73,073. The company’s 50-day simple moving average is $42.10 and its two-hundred day simple moving average is $41.99. The firm has a market capitalization of $883.78 million, a PE ratio of 18.03 and a beta of 0.56. Tortoise North American Pipeline Fund has a one year low of $34.56 and a one year high of $44.65.

Institutional Trading of Tortoise North American Pipeline Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp lifted its holdings in shares of Tortoise North American Pipeline Fund by 16.6% in the third quarter. Fifth Third Bancorp now owns 12,656 shares of the company’s stock worth $504,000 after buying an additional 1,806 shares in the last quarter. MGO One Seven LLC boosted its position in shares of Tortoise North American Pipeline Fund by 3.9% during the 3rd quarter. MGO One Seven LLC now owns 25,535 shares of the company’s stock valued at $1,018,000 after acquiring an additional 949 shares during the last quarter. Magnus Financial Group LLC boosted its position in shares of Tortoise North American Pipeline Fund by 1.6% during the 3rd quarter. Magnus Financial Group LLC now owns 876,917 shares of the company’s stock valued at $34,958,000 after acquiring an additional 13,421 shares during the last quarter. Arvest Investments Inc. grew its holdings in shares of 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 purchasing an additional 19,688 shares in the last quarter. Finally, Diversify Advisory Services LLC grew its holdings in shares of Tortoise North American Pipeline Fund by 11.2% in the third quarter. Diversify Advisory Services LLC now owns 71,172 shares of the company’s stock valued at $2,939,000 after purchasing an additional 7,146 shares in the last quarter.

About Tortoise North American Pipeline Fund

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.