Short Interest in Tortoise AI Infrastructure ETF (NYSE:TCAI) Decreases By 97.7%

Tortoise AI Infrastructure ETF (NYSE:TCAI) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 3,600 shares, a decrease of 97.7% from the August 15th total of 153,973 shares. Based on an average trading volume of 81,855 shares, the short-interest ratio is currently 0.0 days. Approximately 0.1% of the shares of the stock are sold short.

Tortoise AI Infrastructure ETF Stock Performance

NYSE:TCAI traded down $1.69 during trading hours on Thursday, hitting $46.01. The company’s stock had a trading volume of 35,209 shares, compared to its average volume of 86,115. Tortoise AI Infrastructure ETF has a 52-week low of $27.46 and a 52-week high of $58.63. The company has a 50-day moving average price of $47.69.

Hedge Funds Weigh In On Tortoise AI Infrastructure ETF

A number of large investors have recently made changes to their positions in TCAI. BIP Wealth LLC purchased a new position in shares of Tortoise AI Infrastructure ETF in the 1st quarter valued at about $513,000. Sterneck Capital Management LLC boosted its holdings in Tortoise AI Infrastructure ETF by 2.8% during the first 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 in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Tortoise AI Infrastructure ETF during the second quarter worth about $1,085,000. Citadel Advisors LLC acquired a new position in Tortoise AI Infrastructure ETF during the second quarter worth about $619,000. Finally, Parallel Advisors LLC grew its position 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 during the period.

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.