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

Tortoise AI Infrastructure ETF (NYSE:TCAI) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 981 shares, a drop of 36.7% from the July 15th total of 1,549 shares. Based on an average daily volume of 135,703 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Hedge Funds Weigh In On Tortoise AI Infrastructure ETF

Several hedge funds and other institutional investors have recently bought and sold shares of TCAI. Hollencrest Capital Management boosted its position in Tortoise AI Infrastructure ETF by 272.5% during the first quarter. Hollencrest Capital Management now owns 2,313 shares of the company’s stock valued at $80,000 after acquiring an additional 1,692 shares during the last quarter. GM Advisory Group LLC bought a new position in shares of Tortoise AI Infrastructure ETF in the 1st quarter worth about $273,000. Sandy Cove Advisors LLC bought a new position in shares of Tortoise AI Infrastructure ETF in the 2nd quarter worth about $280,000. BIP Wealth LLC acquired a new position in shares of Tortoise AI Infrastructure ETF in the 1st quarter valued at about $513,000. Finally, Parallel Advisors LLC lifted its stake in shares of Tortoise AI Infrastructure ETF by 5.9% in the 1st quarter. Parallel Advisors LLC now owns 64,529 shares of the company’s stock valued at $2,235,000 after purchasing an additional 3,578 shares during the period.

Tortoise AI Infrastructure ETF Stock Performance

Shares of NYSE TCAI traded down $1.36 during midday trading on Wednesday, reaching $46.81. The stock had a trading volume of 77,271 shares, compared to its average volume of 88,121. The firm has a 50 day simple moving average of $50.49. Tortoise AI Infrastructure ETF has a twelve month low of $24.45 and a twelve month 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.