Tortoise AI Infrastructure ETF (NYSE:TCAI) Stock Short Interest Climbs 256.9%

Tortoise AI Infrastructure ETF (NYSE:TCAI) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 12,848 shares, an increase of 256.9% from the August 31st total of 3,600 shares. Based on an average trading volume of 51,207 shares, the short-interest ratio is currently 0.3 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Trading of Tortoise AI Infrastructure ETF

Large investors have recently bought and sold shares of the company. Sterneck Capital Management LLC raised its stake in shares of 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 buying an additional 3,329 shares during the last quarter. Parallel Advisors LLC grew its stake in 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 acquiring an additional 3,578 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in Tortoise AI Infrastructure ETF during the 2nd quarter valued at about $1,085,000. BIP Wealth LLC acquired a new position in Tortoise AI Infrastructure ETF during the first quarter worth about $513,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Tortoise AI Infrastructure ETF in the second quarter valued at about $619,000.

Tortoise AI Infrastructure ETF Price Performance

Shares of NYSE:TCAI opened at $48.01 on Monday. The business’s 50 day simple moving average is $47.08 and its 200-day simple moving average is $46.62. Tortoise AI Infrastructure ETF has a 12 month low of $27.46 and a 12 month high of $58.63.

Tortoise AI Infrastructure ETF (NYSE:TCAI) is an exchange-traded fund managed by Tortoise Capital Advisors. The fund is designed to provide targeted exposure to companies involved in the infrastructure supporting the development and deployment of artificial intelligence technologies.

Its investment focus may include businesses connected to data centers, semiconductor manufacturing, cloud and networking infrastructure, electric power generation and transmission, and other systems used to build and operate AI applications.