Short Interest in Tortoise AI Infrastructure ETF (NYSE:TCAI) Declines By 93.9%

Tortoise AI Infrastructure ETF (NYSE:TCAI) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 3,002 shares, a decline of 93.9% from the June 15th total of 49,025 shares. Based on an average trading volume of 108,676 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the company’s stock are sold short.

Tortoise AI Infrastructure ETF Stock Down 0.7%

NYSE TCAI traded down $0.36 on Friday, hitting $51.73. 56,126 shares of the company were exchanged, compared to its average volume of 84,636. The stock’s fifty day moving average is $51.91. Tortoise AI Infrastructure ETF has a 12 month low of $24.45 and a 12 month high of $58.63.

Hedge Funds Weigh In On Tortoise AI Infrastructure ETF

A number of institutional investors and hedge funds have recently made changes to their positions in TCAI. Sterneck Capital Management LLC increased its position in 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 buying an additional 3,329 shares in the last quarter. Parallel Advisors LLC raised its stake in 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 during the period. BIP Wealth LLC bought a new position in Tortoise AI Infrastructure ETF in the first quarter worth approximately $513,000. GM Advisory Group LLC bought a new position in Tortoise AI Infrastructure ETF in the first quarter worth approximately $273,000. Finally, Sandy Cove Advisors LLC acquired a new stake in Tortoise AI Infrastructure ETF in the second quarter valued at approximately $280,000.

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.