Tortoise AI Infrastructure ETF (NYSE:TCAI – Get Free Report) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 25,735 shares, an increase of 100.3% from the September 15th total of 12,848 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average trading volume of 43,013 shares, the days-to-cover ratio is currently 0.6 days.
Institutional Trading of Tortoise AI Infrastructure ETF
Several hedge funds have recently added to or reduced their stakes in the company. Citadel Advisors LLC acquired a new position in Tortoise AI Infrastructure ETF in the 2nd quarter valued at $619,000. Integrated Wealth Concepts LLC bought a new position in Tortoise AI Infrastructure ETF during the 2nd quarter worth $1,085,000. BIP Wealth LLC acquired a new stake in shares of Tortoise AI Infrastructure ETF during the first quarter worth $513,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its holdings in shares of Tortoise AI Infrastructure ETF by 39.8% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 106,434 shares of the company’s stock worth $4,994,000 after buying an additional 30,303 shares in the last quarter. Finally, Forvis Mazars Wealth Advisors LLC acquired a new stake in shares of Tortoise AI Infrastructure ETF during the third quarter worth $886,000.
Tortoise AI Infrastructure ETF Trading Down 1.9%
TCAI stock traded down $0.82 during mid-day trading on Thursday, hitting $41.62. 114,039 shares of the company were exchanged, compared to its average volume of 81,532. Tortoise AI Infrastructure ETF has a 1-year low of $27.46 and a 1-year high of $58.63. The business has a 50 day simple moving average of $46.96 and a 200-day simple moving average of $47.59.
Tortoise AI Infrastructure ETF (NYSE: TCAI) is an exchange-traded fund managed by Tortoise Capital Advisors. The fund is designed to provide investors with exposure to companies involved in the development, operation and support of artificial intelligence infrastructure.
TCAI’s investment focus may include businesses that supply the computing, semiconductor, data center, networking, power-generation, cooling and other technology systems required to build and operate AI applications. Rather than producing AI software itself, the fund emphasizes companies that support the broader infrastructure ecosystem.
The ETF may invest across multiple industries and geographies, depending on its investment strategy and portfolio holdings.
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