Tortoise AI Infrastructure ETF (NYSE:TCAI) Sees Significant Growth in Short Interest

Tortoise AI Infrastructure ETF (NYSE:TCAI) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 69,886 shares, an increase of 156.8% from the April 30th total of 27,209 shares. Approximately 2.3% of the company’s shares are sold short. Based on an average daily trading volume, of 152,292 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Hollencrest Capital Management boosted 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 valued at $80,000 after purchasing an additional 1,692 shares during the period. Parallel Advisors LLC boosted its stake in shares of Tortoise AI Infrastructure ETF by 5.9% in the first 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. GM Advisory Group LLC purchased a new position in Tortoise AI Infrastructure ETF in the first quarter valued at $273,000. BIP Wealth LLC purchased a new position in Tortoise AI Infrastructure ETF in the first quarter valued at $513,000. Finally, Sterneck Capital Management LLC boosted its holdings in Tortoise AI Infrastructure ETF by 2.8% in the first quarter. Sterneck Capital Management LLC now owns 122,943 shares of the company’s stock valued at $4,259,000 after purchasing an additional 3,329 shares during the period.

Tortoise AI Infrastructure ETF Stock Up 1.0%

Shares of TCAI traded up $0.57 during midday trading on Monday, hitting $54.87. 96,995 shares of the stock were exchanged, compared to its average volume of 72,769. Tortoise AI Infrastructure ETF has a 52-week low of $24.45 and a 52-week high of $55.16. The stock’s fifty day moving average is $43.33.

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.