Tortoise AI Infrastructure ETF (NYSE:TCAI) Shares Shorted: Short Interest Up 256.9% in September

Tortoise AI Infrastructure ETF (NYSE:TCAI) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 12,848 shares, a growth of 256.9% from the August 31st total of 3,600 shares. Based on an average trading volume of 51,207 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.3% of the company’s shares are sold short.

Institutional Trading of Tortoise AI Infrastructure ETF

A number of hedge funds have recently modified their holdings of the business. Sterneck Capital Management LLC boosted its position in shares of Tortoise AI Infrastructure ETF by 2.8% in the first 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 period. Parallel Advisors LLC raised its position 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 valued at $2,235,000 after buying an additional 3,578 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in Tortoise AI Infrastructure ETF in the 2nd quarter worth about $1,085,000. Citadel Advisors LLC purchased a new stake in Tortoise AI Infrastructure ETF in the 2nd quarter worth about $619,000. Finally, BIP Wealth LLC purchased a new stake in Tortoise AI Infrastructure ETF in the 1st quarter worth about $513,000.

Tortoise AI Infrastructure ETF Trading Up 0.9%

Tortoise AI Infrastructure ETF stock traded up $0.41 during midday trading on Friday, reaching $48.01. The stock had a trading volume of 38,714 shares, compared to its average volume of 83,711. The firm’s fifty day simple moving average is $47.08 and its two-hundred day simple moving average is $46.54. Tortoise AI Infrastructure ETF has a twelve month low of $27.46 and a twelve month high of $58.63.

Tortoise AI Infrastructure ETF (NYSE:TCAI) is an exchange-traded fund managed by Tortoise Capital Advisors. The fund is designed to provide targeted exposure to companies involved in the infrastructure supporting the development and deployment of artificial intelligence technologies.

Its investment focus may include businesses connected to data centers, semiconductor manufacturing, cloud and networking infrastructure, electric power generation and transmission, and other systems used to build and operate AI applications.