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

Tortoise AI Infrastructure ETF (NYSE:TCAI) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 45,884 shares, a decrease of 34.3% from the May 14th total of 69,886 shares. Approximately 1.5% of the shares of the company are sold short. Based on an average trading volume of 161,040 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of Tortoise AI Infrastructure ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in TCAI. Sterneck Capital Management LLC raised its stake in 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 valued at $4,259,000 after acquiring an additional 3,329 shares during the last quarter. BIP Wealth LLC purchased a new position in shares of Tortoise AI Infrastructure ETF during the 1st quarter worth approximately $513,000. GM Advisory Group LLC purchased a new position in shares of Tortoise AI Infrastructure ETF during the 1st quarter worth approximately $273,000. Parallel Advisors LLC raised its stake in shares of Tortoise AI Infrastructure ETF by 5.9% during the 1st 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 in the last quarter. Finally, Hollencrest Capital Management raised its stake in shares of Tortoise AI Infrastructure ETF by 272.5% during the 1st quarter. Hollencrest Capital Management now owns 2,313 shares of the company’s stock worth $80,000 after buying an additional 1,692 shares in the last quarter.

Tortoise AI Infrastructure ETF Stock Up 1.2%

TCAI opened at $55.18 on Thursday. The firm’s 50 day moving average is $47.86. Tortoise AI Infrastructure ETF has a 52 week low of $24.45 and a 52 week high of $56.88.

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.