Tortoise AI Infrastructure ETF (NYSE:TCAI) Sees Significant Growth in Short Interest

Tortoise AI Infrastructure ETF (NYSE:TCAI) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 153,973 shares, a growth of 15,595.5% from the July 30th total of 981 shares. Approximately 3.1% of the company’s stock are short sold. Based on an average daily volume of 71,428 shares, the short-interest ratio is currently 2.2 days.

Institutional Trading of Tortoise AI Infrastructure ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. BIP Wealth LLC purchased a new position in Tortoise AI Infrastructure ETF in the first quarter valued at about $513,000. Sterneck Capital Management LLC raised its stake in shares of Tortoise AI Infrastructure ETF by 2.8% during the 1st quarter. Sterneck Capital Management LLC now owns 122,943 shares of the company’s stock worth $4,259,000 after purchasing an additional 3,329 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Tortoise AI Infrastructure ETF by 5.9% during the 1st quarter. Parallel Advisors LLC now owns 64,529 shares of the company’s stock valued at $2,235,000 after buying an additional 3,578 shares during the last quarter. Sandy Cove Advisors LLC bought a new stake in shares of Tortoise AI Infrastructure ETF in the 2nd quarter valued at approximately $280,000. Finally, Hollencrest Capital Management grew its stake in shares of Tortoise AI Infrastructure ETF by 272.5% in the 1st quarter. Hollencrest Capital Management now owns 2,313 shares of the company’s stock valued at $80,000 after buying an additional 1,692 shares in the last quarter.

Tortoise AI Infrastructure ETF Stock Up 1.5%

TCAI stock opened at $45.79 on Wednesday. The stock’s 50 day moving average is $49.85. Tortoise AI Infrastructure ETF has a 52 week low of $25.09 and a 52 week high of $58.63.

The Tortoise AI Infrastructure ETF (NYSE: TCAI) is an exchange-traded fund that provides investors with targeted exposure to companies involved in the infrastructure that enables artificial intelligence. The fund aims to capture businesses that contribute to AI development, deployment and operations rather than focusing on consumer-facing applications of AI. It is listed on the New York Stock Exchange under the ticker TCAI.

Holdings in the fund typically span a range of sectors that support AI workloads, including semiconductor and chip manufacturers, data center operators, cloud and infrastructure service providers, networking and storage vendors, and software firms that deliver AI development tools and platforms.