Short Interest in Tortoise AI Infrastructure ETF (NYSE:TCAI) Declines By 34.3%

Tortoise AI Infrastructure ETF (NYSE:TCAI) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 45,884 shares, a decline of 34.3% from the May 14th total of 69,886 shares. Approximately 1.5% of the company’s stock are short sold. Based on an average trading volume of 161,040 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Hollencrest Capital Management boosted its holdings in Tortoise AI Infrastructure ETF by 272.5% during the first 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 last quarter. Sterneck Capital Management LLC boosted its holdings in Tortoise AI Infrastructure ETF by 2.8% during the first 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 last quarter. Parallel Advisors LLC boosted its holdings in Tortoise AI Infrastructure ETF by 5.9% during the first 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 last quarter. GM Advisory Group LLC acquired a new position in Tortoise AI Infrastructure ETF during the first quarter worth $273,000. Finally, BIP Wealth LLC acquired a new position in Tortoise AI Infrastructure ETF during the first quarter worth $513,000.

Tortoise AI Infrastructure ETF Trading Up 0.1%

TCAI traded up $0.07 during trading hours on Tuesday, hitting $55.33. 93,009 shares of the company’s stock were exchanged, compared to its average volume of 82,226. Tortoise AI Infrastructure ETF has a 1-year low of $24.45 and a 1-year high of $56.88. The firm has a 50-day moving average price of $47.12.

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.