Short Interest in Tortoise AI Infrastructure ETF (NYSE:TCAI) Decreases By 97.7%

Tortoise AI Infrastructure ETF (NYSE:TCAI) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 3,600 shares, a drop of 97.7% from the August 15th total of 153,973 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 81,855 shares, the short-interest ratio is presently 0.0 days.

Tortoise AI Infrastructure ETF Stock Down 3.5%

NYSE TCAI traded down $1.69 on Thursday, hitting $46.01. 35,209 shares of the stock were exchanged, compared to its average volume of 86,115. Tortoise AI Infrastructure ETF has a fifty-two week low of $27.46 and a fifty-two week high of $58.63. The firm has a 50-day simple moving average of $47.69.

Hedge Funds Weigh In On Tortoise AI Infrastructure ETF

A number of hedge funds have recently modified their holdings of TCAI. BIP Wealth LLC purchased a new stake in Tortoise AI Infrastructure ETF during the 1st quarter valued at approximately $513,000. Sterneck Capital Management LLC grew its stake in shares of Tortoise AI Infrastructure ETF by 2.8% in the 1st 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 last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Tortoise AI Infrastructure ETF in the 2nd quarter valued at approximately $1,085,000. Citadel Advisors LLC acquired a new position in shares of Tortoise AI Infrastructure ETF in the second quarter valued at approximately $619,000. Finally, Parallel Advisors LLC increased 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.