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

Tortoise AI Infrastructure ETF (NYSE:TCAI) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 69,886 shares, a growth of 156.8% from the April 30th total of 27,209 shares. Currently, 2.3% of the shares of the company are sold short. Based on an average daily volume of 152,292 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Hollencrest Capital Management lifted its holdings in Tortoise AI Infrastructure ETF by 272.5% during the 1st quarter. Hollencrest Capital Management now owns 2,313 shares of the company’s stock worth $80,000 after purchasing an additional 1,692 shares in the last quarter. GM Advisory Group LLC purchased a new stake in Tortoise AI Infrastructure ETF during the 1st quarter worth about $273,000. BIP Wealth LLC purchased a new stake in Tortoise AI Infrastructure ETF during the 1st quarter worth about $513,000. Parallel Advisors LLC lifted its holdings in Tortoise AI Infrastructure ETF by 5.9% during the 1st quarter. Parallel Advisors LLC now owns 64,529 shares of the company’s stock worth $2,235,000 after purchasing an additional 3,578 shares in the last quarter. Finally, Sterneck Capital Management LLC lifted its holdings in 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.

Tortoise AI Infrastructure ETF Price Performance

NYSE:TCAI traded up $1.19 during trading on Friday, reaching $54.10. The company’s stock had a trading volume of 237,268 shares, compared to its average volume of 72,671. The company has a 50 day simple moving average of $43.33. Tortoise AI Infrastructure ETF has a 12 month low of $24.45 and a 12 month high of $54.99.

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.