Short Interest in Tortoise AI Infrastructure ETF (NYSE:TCAI) Decreases By 93.9%

Tortoise AI Infrastructure ETF (NYSE:TCAI) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 3,002 shares, a drop of 93.9% from the June 15th total of 49,025 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 108,676 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Tortoise AI Infrastructure ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hollencrest Capital Management raised its stake in shares of Tortoise AI Infrastructure ETF by 272.5% in the first quarter. Hollencrest Capital Management now owns 2,313 shares of the company’s stock worth $80,000 after purchasing an additional 1,692 shares during the last quarter. GM Advisory Group LLC purchased a new position in shares of Tortoise AI Infrastructure ETF during the first quarter valued at approximately $273,000. Sandy Cove Advisors LLC purchased a new position in shares of Tortoise AI Infrastructure ETF during the second quarter valued at approximately $280,000. BIP Wealth LLC bought a new stake in Tortoise AI Infrastructure ETF during the first quarter worth $513,000. Finally, Parallel Advisors LLC grew its holdings in Tortoise AI Infrastructure ETF by 5.9% during the first quarter. Parallel Advisors LLC now owns 64,529 shares of the company’s stock worth $2,235,000 after buying an additional 3,578 shares in the last quarter.

Tortoise AI Infrastructure ETF Price Performance

Shares of TCAI traded down $0.36 on Friday, reaching $51.73. The company’s stock had a trading volume of 56,126 shares, compared to its average volume of 84,636. Tortoise AI Infrastructure ETF has a twelve month low of $24.45 and a twelve month high of $58.63. The company has a fifty day moving average of $51.91.

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.