Tortoise Energy Independence Fund (NYSE:NDP) Shares Up 1.9% – What’s Next?

Posted by Tech Dows on Jan 21st, 2025

Tortoise Energy Independence Fund, Inc. (NYSE:NDP – Get Free Report)’s stock price shot up 1.9% during trading on Monday . The company traded as high as $40.45 and last traded at $40.40. 9,311 shares changed hands during trading, an increase of 59% from the average session volume of 5,846 shares. The stock had previously closed at $39.64.

Tortoise Energy Independence Fund Trading Up 1.9 %

The company’s 50-day moving average is $41.76 and its two-hundred day moving average is $39.23.

Tortoise Energy Independence Fund Announces Dividend

The firm also recently announced a — dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 6th were issued a $0.255 dividend. This represents a dividend yield of 5.8%. The ex-dividend date of this dividend was Friday, December 6th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Quarry LP purchased a new position in shares of Tortoise Energy Independence Fund during the third quarter valued at approximately $131,000. Wolverine Asset Management LLC bought a new stake in Tortoise Energy Independence Fund in the 3rd quarter worth approximately $148,000. Almitas Capital LLC purchased a new stake in Tortoise Energy Independence Fund during the 2nd quarter valued at $546,000. Finally, Bayshore Asset Management LLC bought a new position in shares of Tortoise Energy Independence Fund during the 3rd quarter valued at $714,000.

Tortoise Energy Independence Fund Company Profile

(Get Free Report)

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.