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

Tortoise AI Infrastructure ETF (NYSE:TCAI) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 981 shares, a drop of 36.7% from the July 15th total of 1,549 shares. Based on an average daily volume of 135,703 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Tortoise AI Infrastructure ETF Stock Down 2.7%

Shares of TCAI opened at $46.86 on Thursday. The company’s fifty day moving average is $50.45. Tortoise AI Infrastructure ETF has a 12-month low of $24.45 and a 12-month high of $58.63.

Institutional Investors Weigh In On Tortoise AI Infrastructure ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hollencrest Capital Management grew its stake in Tortoise AI Infrastructure ETF by 272.5% in the 1st quarter. Hollencrest Capital Management now owns 2,313 shares of the company’s stock worth $80,000 after acquiring an additional 1,692 shares in the last quarter. Sandy Cove Advisors LLC purchased a new position in shares of Tortoise AI Infrastructure ETF during the second quarter worth approximately $280,000. GM Advisory Group LLC bought a new stake in shares of Tortoise AI Infrastructure ETF during the first quarter valued at approximately $273,000. BIP Wealth LLC bought a new stake in shares of Tortoise AI Infrastructure ETF during the first quarter valued at approximately $513,000. Finally, Parallel Advisors LLC boosted its holdings 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.

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.