Tortoise AI Infrastructure ETF (NYSE:TCAI) Shares Shorted: Short Interest Up 100.3% in September

Tortoise AI Infrastructure ETF (NYSE:TCAI) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 25,735 shares, an increase of 100.3% from the September 15th total of 12,848 shares. Based on an average daily volume of 43,013 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.5% of the shares of the stock are sold short.

Tortoise AI Infrastructure ETF Stock Performance

Shares of TCAI traded down $1.86 during trading hours on Wednesday, reaching $43.65. The company had a trading volume of 24,746 shares, compared to its average volume of 81,046. The firm has a 50 day simple moving average of $47.07 and a 200-day simple moving average of $47.54. Tortoise AI Infrastructure ETF has a 12-month low of $27.46 and a 12-month high of $58.63.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hollencrest Capital Management boosted 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 acquiring an additional 1,692 shares in the last quarter. Sandy Cove Advisors LLC acquired a new stake in shares of Tortoise AI Infrastructure ETF in the 2nd quarter worth approximately $280,000. GM Advisory Group LLC purchased a new position in Tortoise AI Infrastructure ETF in the 1st quarter valued at approximately $273,000. Envestnet Asset Management Inc. acquired a new position in Tortoise AI Infrastructure ETF during the second quarter worth $467,000. Finally, Citadel Advisors LLC purchased a new stake in Tortoise AI Infrastructure ETF during the second quarter worth $619,000.

Tortoise AI Infrastructure ETF (NYSE: TCAI) is an exchange-traded fund managed by Tortoise Capital Advisors. The fund is designed to provide investors with exposure to companies involved in the development, operation and support of artificial intelligence infrastructure.

TCAI’s investment focus may include businesses that supply the computing, semiconductor, data center, networking, power-generation, cooling and other technology systems required to build and operate AI applications. Rather than producing AI software itself, the fund emphasizes companies that support the broader infrastructure ecosystem.

The ETF may invest across multiple industries and geographies, depending on its investment strategy and portfolio holdings.