Tortoise AI Infrastructure ETF (NYSE:TCAI) Short Interest Up 15,595.5% in August

Tortoise AI Infrastructure ETF (NYSE:TCAI) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 153,973 shares, a growth of 15,595.5% from the July 30th total of 981 shares. Based on an average daily trading volume, of 71,428 shares, the days-to-cover ratio is currently 2.2 days. Currently, 3.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TCAI. Hollencrest Capital Management grew its stake in 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 in the last quarter. Sterneck Capital Management LLC boosted its holdings 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 period. 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 buying an additional 3,578 shares during the last quarter. Sandy Cove Advisors LLC acquired a new position in Tortoise AI Infrastructure ETF in the 2nd quarter valued at $280,000. Finally, GM Advisory Group LLC bought a new position in Tortoise AI Infrastructure ETF in the 1st quarter worth $273,000.

Tortoise AI Infrastructure ETF Price Performance

Shares of Tortoise AI Infrastructure ETF stock traded up $0.67 during trading on Tuesday, hitting $45.79. The stock had a trading volume of 71,971 shares, compared to its average volume of 87,965. The stock’s 50 day simple moving average is $50.02. Tortoise AI Infrastructure ETF has a 1 year low of $25.09 and a 1 year 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.