TPYP Stock Summary and Trading Ideas (Tortoise North American Pipeline ETF | ARCA:TPYP)

The Tortoise North American Pipeline Fund uses a passive management approach and seeks to track the total return performance of the Tortoise North American Pipeline Index. The Tortoise North American Pipeline Index SM is a float-adjusted, capitalization weighted index of pipeline companies headquartered in the United States and Canada. A pipeline company is defined as a company that either 1) has been assigned a standard industrial classification ( SIC ) system code that indicates the company operates in the energy pipeline industry or 2) has at least 50% of its assets, cash flow or revenue associated with the operation or ownership of energy pipelines. Pipeline companies engage in the business of transporting natural gas, crude oil and refined products, storing, gathering and processing such as gas, oil and products and local gas distribution. The index includes pipeline companies structured as corporations limited liability companies and master limited partnerships (MLPs).

Tortoise North American Pipeline ETF trades on the ARCA stock market under the symbol TPYP.

As of May 6, 2024, TPYP stock price climbed to $28.03 with 54,494 million shares trading.

TPYP has a beta of 0.34, meaning it tends to be less sensitive to market movements. TPYP has a correlation of 0.10 to the broad based SPY ETF.

TPYP has a market cap of $546.59 million. This is considered a Small Cap stock.

In the last 3 years, TPYP stock traded as high as $28.55 and as low as $20.77.

TPYP has underperformed the market in the last year with a price return of +22.2% while the SPY ETF gained +28.3%. However, in the short term, TPYP had mixed performance relative to the market. It has outperformed in the last 3 months, returning +10.3% vs +4.8% return in SPY. But in the last 2 weeks, TPYP shares have been beat by the market, returning +1.9% compared to an SPY return of +4.3%.

TPYP support price is $27.64 and resistance is $28.18 (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 TPYP stock will trade within this expected range on the day.