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

Tortoise AI Infrastructure ETF (NYSE:TCAI) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 1,549 shares, a drop of 48.4% from the June 30th total of 3,002 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 90,798 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Hollencrest Capital Management raised its holdings in shares of Tortoise AI Infrastructure ETF by 272.5% during the first quarter. Hollencrest Capital Management now owns 2,313 shares of the company’s stock worth $80,000 after acquiring an additional 1,692 shares during the period. GM Advisory Group LLC acquired a new position in Tortoise AI Infrastructure ETF in the 1st quarter worth $273,000. Sandy Cove Advisors LLC acquired a new position in Tortoise AI Infrastructure ETF in the 2nd quarter worth $280,000. BIP Wealth LLC bought a new position in Tortoise AI Infrastructure ETF during the 1st quarter worth about $513,000. Finally, Parallel Advisors LLC increased 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.

Tortoise AI Infrastructure ETF Trading Up 11.6%

Shares of TCAI stock opened at $46.29 on Friday. The firm has a 50 day simple moving average of $51.70. Tortoise AI Infrastructure ETF has a 52-week low of $24.45 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.