Tortoise AI Infrastructure ETF (NYSE:TCAI) Shares Shorted: Short Interest Up 250.5% in October

Tortoise AI Infrastructure ETF (NYSE:TCAI) was the target of a large growth in short interest in October. As of October 30th, there was short interest totaling 84,838 shares, a growth of 250.5% from the October 15th total of 24,204 shares. Currently, 1.6% of the company’s stock are sold short. Based on an average trading volume of 94,630 shares, the days-to-cover ratio is currently 0.9 days.

Tortoise AI Infrastructure ETF Trading Down 2.7%

Shares of TCAI traded down $0.99 during midday trading on Friday, reaching $35.71. 78,582 shares of the company were exchanged, compared to its average volume of 93,320. The stock has a 50-day moving average price of $43.00 and a 200-day moving average price of $45.07. 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 institutional investors have recently made changes to their positions in TCAI. HighTower Advisors LLC purchased a new stake in Tortoise AI Infrastructure ETF during the 3rd quarter worth $17,446,000. Parallel Advisors LLC lifted its holdings in Tortoise AI Infrastructure ETF by 0.9% in the 3rd quarter. Parallel Advisors LLC now owns 55,715 shares of the company’s stock worth $2,614,000 after buying an additional 501 shares in the last quarter. Integrity Alliance LLC. purchased a new position in Tortoise AI Infrastructure ETF in the 3rd quarter valued at about $488,000. Choreo LLC boosted its position in Tortoise AI Infrastructure ETF by 30.5% in the 3rd quarter. Choreo LLC now owns 5,002 shares of the company’s stock valued at $235,000 after buying an additional 1,170 shares during the last quarter. Finally, VestGen Advisors LLC boosted its position in Tortoise AI Infrastructure ETF by 38.1% in the 3rd quarter. VestGen Advisors LLC now owns 54,281 shares of the company’s stock valued at $2,547,000 after buying an additional 14,967 shares during the last quarter.

Tortoise AI Infrastructure ETF (NYSE: TCAI) is an exchange-traded fund managed by Tortoise Capital Advisors. It is designed to give investors exposure to businesses involved in developing and supporting the infrastructure needed for artificial intelligence. The fund focuses on areas that may include data centers, power generation and transmission, semiconductors, and networking equipment. These businesses supply technology and physical infrastructure that support the computing capacity and electricity demands of AI applications.