Tortoise AI Infrastructure ETF (NYSE:TCAI – Get Free Report) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 45,884 shares, a drop of 34.3% from the May 14th total of 69,886 shares. Based on an average trading volume of 161,040 shares, the days-to-cover ratio is currently 0.3 days. Approximately 1.5% of the shares of the stock are short sold.
Tortoise AI Infrastructure ETF Price Performance
Shares of NYSE TCAI traded up $1.37 during mid-day trading on Wednesday, reaching $55.92. 54,342 shares of the company traded hands, compared to its average volume of 82,468. Tortoise AI Infrastructure ETF has a fifty-two week low of $24.45 and a fifty-two week high of $56.88. The company has a fifty day moving average of $47.49.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Hollencrest Capital Management increased its stake in shares of Tortoise AI Infrastructure ETF by 272.5% during the first quarter. Hollencrest Capital Management now owns 2,313 shares of the company’s stock valued at $80,000 after acquiring an additional 1,692 shares during the period. Sterneck Capital Management LLC increased its stake in shares of 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 valued at $4,259,000 after acquiring an additional 3,329 shares during the period. Parallel Advisors LLC grew its position in Tortoise AI Infrastructure ETF by 5.9% in the first 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. GM Advisory Group LLC acquired a new position in Tortoise AI Infrastructure ETF in the first quarter worth approximately $273,000. Finally, BIP Wealth LLC acquired a new position in Tortoise AI Infrastructure ETF in the first quarter worth approximately $513,000.
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.
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