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Tortoise Capital Announces ETF Name Updates to Modernize Product Lineup
ACCESS Newswire (Fri, 20-Mar 10:50 AM ET)
The Fund will invest at least 80% of its total assets in equity and debt securities of energy companies. The Adviser considers energy companies to be comprised of companies that engage in one or more aspects of exploration, production, gathering, processing, refining, transmission, marketing, and delivery of energy products such as natural gas, crude oil, refined petroleum products; oilfield services, including drilling, cementing and stimulations; the generation, transmission and distribution of essential services such as electricity, natural gas and water hydropower or the renewable, non-fossil fuel based energy sources including, but not limited to, nuclear, solar or wind energy; emerging technology and materials companies that advance energy efficiency and conservation; and companies that provide products and services to the energy sector, that engage in energy conservation or that measure energy. The Adviser considers a company to be focused in the energy sector if at least 50% of the company's assets are utilized in one or more of these activities. The Tortoise Energy Fund seeks to maximize income through a flexible, actively managed strategy that invests across the energy value chain, with the ability to enhance yield through energy related fixed income and covered calls.
Tortoise Energy ETF trades on the NYSE stock market under the symbol TNGY.
As of April 17, 2026, TNGY stock price declined to $9.78 with 81,101 million shares trading.
TNGY has a beta of -0.33, meaning it tends to be less sensitive to market movements. TNGY has a correlation of 0.09 to the broad based SPY ETF.
TNGY has a market cap of $528.67 million. This is considered a Small Cap stock.
TNGY support price is $9.90 and resistance is $10.22 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TNGY shares will trade within this expected range on the day.
