Tortoise AI Infrastructure ETF (NYSE:TCAI) Short Interest Update

Tortoise AI Infrastructure ETF (NYSE:TCAI) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 3,600 shares, a drop of 97.7% from the August 15th total of 153,973 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 81,855 shares, the days-to-cover ratio is presently 0.0 days.

Tortoise AI Infrastructure ETF Stock Up 3.0%

Shares of TCAI traded up $1.38 on Friday, hitting $47.39. 27,263 shares of the stock traded hands, compared to its average volume of 85,769. Tortoise AI Infrastructure ETF has a one year low of $27.46 and a one year high of $58.63. The firm has a 50 day simple moving average of $47.69.

Institutional Investors Weigh In On Tortoise AI Infrastructure ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hollencrest Capital Management grew its stake in shares of Tortoise AI Infrastructure ETF by 272.5% during the 1st quarter. Hollencrest Capital Management now owns 2,313 shares of the company’s stock valued at $80,000 after purchasing an additional 1,692 shares during the period. GM Advisory Group LLC bought a new stake in Tortoise AI Infrastructure ETF during the first quarter valued at approximately $273,000. Sandy Cove Advisors LLC purchased a new stake in Tortoise AI Infrastructure ETF during the second quarter valued at approximately $280,000. BIP Wealth LLC purchased a new position in shares of Tortoise AI Infrastructure ETF during the 1st quarter worth $513,000. Finally, Citadel Advisors LLC purchased a new position in shares of Tortoise AI Infrastructure ETF during the 2nd quarter worth $619,000.

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.