Tortoise AI Infrastructure ETF (NYSE:TCAI – Get Free Report) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 25,735 shares, a growth of 100.3% from the September 15th total of 12,848 shares. Based on an average trading volume of 43,013 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.5% of the shares of the stock are short sold.
Tortoise AI Infrastructure ETF Stock Performance
TCAI traded down $1.86 during midday trading on Wednesday, reaching $43.65. 24,746 shares of the company’s stock were exchanged, compared to its average volume of 81,046. The business’s 50-day moving average price is $47.07 and its 200 day moving average price is $47.54. Tortoise AI Infrastructure ETF has a 1-year low of $27.46 and a 1-year high of $58.63.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of TCAI. Integrated Wealth Concepts LLC purchased a new stake in Tortoise AI Infrastructure ETF in the 2nd quarter valued at approximately $1,085,000. Forvis Mazars Wealth Advisors LLC acquired a new stake in Tortoise AI Infrastructure ETF during the 3rd quarter valued at $886,000. BIP Wealth LLC acquired a new stake in Tortoise AI Infrastructure ETF during the 1st quarter valued at $513,000. Citadel Advisors LLC purchased a new position in Tortoise AI Infrastructure ETF during the second quarter worth $619,000. Finally, Envestnet Asset Management Inc. purchased a new position in Tortoise AI Infrastructure ETF during the second quarter worth $467,000.
Tortoise AI Infrastructure ETF (NYSE: TCAI) is an exchange-traded fund managed by Tortoise Capital Advisors. The fund is designed to provide investors with exposure to companies involved in the development, operation and support of artificial intelligence infrastructure.
TCAI’s investment focus may include businesses that supply the computing, semiconductor, data center, networking, power-generation, cooling and other technology systems required to build and operate AI applications. Rather than producing AI software itself, the fund emphasizes companies that support the broader infrastructure ecosystem.
The ETF may invest across multiple industries and geographies, depending on its investment strategy and portfolio holdings.
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