Stock of The Day: Tortoise Energy Independence Fund Inc (NYSE:NDP) Shifting Institutional Investors Sentiment

November 16, 2016 - By Vivian Park   ·   0 Comments

Stock of The Day: Tortoise Energy Independence Fund Inc (NYSE:NDP) Shifting Institutional Investors Sentiment

Sentiment for Tortoise Energy Independence Fund Inc (NYSE:NDP)

Tortoise Energy Independence Fund Inc (NYSE:NDP) institutional sentiment decreased to 1.14 in 2016 Q2. Its down -0.06, from 1.2 in 2016Q1. The ratio dived, as 16 hedge funds started new and increased stock positions, while 14 reduced and sold stakes in Tortoise Energy Independence Fund Inc. The hedge funds in our partner’s database now hold: 1.58 million shares, down from 1.78 million shares in 2016Q1. Also, the number of hedge funds holding Tortoise Energy Independence Fund Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 5 Reduced: 9 Increased: 11 New Position: 5.

Tortoise Energy Independence Fund, Inc. is a non-diversified, closed-end management investment company. The company has a market cap of $227.90 million. The Fund’s investment objective is to seek a high level of total return with an emphasis on current distributions. It currently has negative earnings. The Fund focuses on North American natural gas and crude oil production.

The stock increased 2.68% or $0.42 on November 15, hitting $16.12. Tortoise Energy Independence Fund Inc (NYSE:NDP) has risen 31.91% since April 14, 2016 and is uptrending. It has outperformed by 27.23% the S&P500.

Signalpoint Asset Management Llc holds 0.55% of its portfolio in Tortoise Energy Independence Fund Inc for 88,334 shares. Thomas J. Herzfeld Advisors Inc. owns 67,845 shares or 0.54% of their US portfolio. Moreover, Canal Insurance Co has 0.37% invested in the company for 76,135 shares. The Colorado-based Advisors Asset Management Inc. has invested 0.08% in the stock. Benjamin F. Edwards & Company Inc., a Missouri-based fund reported 5,278 shares.#img1#

More notable recent Tortoise Energy Independence Fund Inc (NYSE:NDP) news were published by: Businesswire.com which released: “Tortoise Energy Independence Fund, Inc. Provides Unaudited Balance Sheet …” on November 01, 2016, also Nasdaq.com with their article: “Tortoise Energy Independence Fund, Inc. (NDP) Ex-Dividend Date Scheduled for …” published on May 19, 2016, Seekingalpha.com published: “NDP – The Tortoise Energy Independence Fund Is A Compelling Investment Opportunity” on July 11, 2016. More interesting news about Tortoise Energy Independence Fund Inc (NYSE:NDP) were released by: Seekingalpha.com and their article: “Better To Be Fast Like A Tortoise? Some Energy Funds Worth Looking At” published on September 15, 2014 as well as Businesswire.com‘s news article titled: “Tortoise Capital Advisors Investment Committee and Closed-End Fund Officers Update” with publication date: May 20, 2015.

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By Vivian Park


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