Tortoise AI Infrastructure ETF (NYSE:TCAI) Short Interest Update

Tortoise AI Infrastructure ETF (NYSE:TCAI) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 69,886 shares, an increase of 156.8% from the April 30th total of 27,209 shares. Based on an average daily trading volume, of 152,292 shares, the short-interest ratio is currently 0.5 days. Approximately 2.3% of the company’s shares are short sold.

Hedge Funds Weigh In On Tortoise AI Infrastructure ETF

A number of large investors have recently modified their holdings of TCAI. Hollencrest Capital Management raised its holdings in shares of 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 purchasing an additional 1,692 shares during the period. GM Advisory Group LLC purchased a new position in shares of Tortoise AI Infrastructure ETF in the 1st quarter worth about $273,000. BIP Wealth LLC purchased a new position in shares of Tortoise AI Infrastructure ETF in the 1st quarter worth about $513,000. Parallel Advisors LLC raised its holdings in shares of Tortoise AI Infrastructure ETF by 5.9% in the 1st quarter. Parallel Advisors LLC now owns 64,529 shares of the company’s stock worth $2,235,000 after purchasing an additional 3,578 shares during the period. Finally, Sterneck Capital Management LLC raised its holdings 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 worth $4,259,000 after purchasing an additional 3,329 shares during the period.

Tortoise AI Infrastructure ETF Trading Up 2.2%

NYSE:TCAI traded up $1.19 during mid-day trading on Friday, reaching $54.10. The company’s stock had a trading volume of 237,268 shares, compared to its average volume of 72,671. The stock’s fifty day moving average price is $43.33. Tortoise AI Infrastructure ETF has a twelve month low of $24.45 and a twelve month high of $54.99.

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.