Tortoise AI Infrastructure ETF (NYSE:TCAI) Short Interest Down 97.7% in August

by · The Cerbat Gem

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

Hedge Funds Weigh In On Tortoise AI Infrastructure ETF

Several institutional investors and hedge funds have recently bought and sold shares of TCAI. BIP Wealth LLC purchased a new stake in shares of Tortoise AI Infrastructure ETF during the 1st quarter valued at $513,000. Sterneck Capital Management LLC grew its stake in Tortoise AI Infrastructure ETF by 2.8% during the 1st quarter. Sterneck Capital Management LLC now owns 122,943 shares of the company’s stock worth $4,259,000 after buying an additional 3,329 shares during the last quarter. Hollencrest Capital Management grew its stake in 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 buying an additional 1,692 shares during the last quarter. Parallel Advisors LLC grew 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 last quarter. Finally, Sandy Cove Advisors LLC acquired a new position in Tortoise AI Infrastructure ETF during the 2nd quarter valued at about $280,000.

Tortoise AI Infrastructure ETF Stock Up 3.2%

Shares of Tortoise AI Infrastructure ETF stock traded up $1.46 on Friday, reaching $47.47. The stock had a trading volume of 28,765 shares, compared to its average volume of 85,785. The firm’s 50 day moving average price is $47.65. Tortoise AI Infrastructure ETF has a 1 year low of $27.46 and a 1 year high of $58.63.

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.

Featured Stories