TCW Transform Systems ETF (NASDAQ:PWRD) Sees Significant Decline in Short Interest

TCW Transform Systems ETF (NASDAQ:PWRD) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 27,825 shares, a drop of 67.7% from the August 31st total of 86,244 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 74,885 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On TCW Transform Systems ETF

Several institutional investors have recently modified their holdings of PWRD. WealthTrust Asset Management LLC grew its holdings in shares of TCW Transform Systems ETF by 5.4% in the 1st quarter. WealthTrust Asset Management LLC now owns 2,361 shares of the technology company’s stock worth $231,000 after acquiring an additional 122 shares during the period. Trademark Financial Management LLC boosted its position in TCW Transform Systems ETF by 2.1% during the first quarter. Trademark Financial Management LLC now owns 8,478 shares of the technology company’s stock worth $829,000 after purchasing an additional 172 shares in the last quarter. Bellevue Asset Management LLC grew its holdings in TCW Transform Systems ETF by 1.6% in the first quarter. Bellevue Asset Management LLC now owns 21,672 shares of the technology company’s stock valued at $2,119,000 after purchasing an additional 340 shares during the last quarter. Fairvoy Private Wealth LLC increased its position in shares of TCW Transform Systems ETF by 4.8% in the first quarter. Fairvoy Private Wealth LLC now owns 10,471 shares of the technology company’s stock valued at $1,024,000 after buying an additional 477 shares in the last quarter. Finally, First Heartland Consultants Inc. increased its position in shares of TCW Transform Systems ETF by 5.9% in the second quarter. First Heartland Consultants Inc. now owns 9,699 shares of the technology company’s stock valued at $1,193,000 after buying an additional 544 shares in the last quarter. Hedge funds and other institutional investors own 52.75% of the company’s stock.

TCW Transform Systems ETF Stock Up 0.9%

Shares of NASDAQ PWRD traded up $0.93 during midday trading on Friday, hitting $106.46. The company had a trading volume of 32,897 shares, compared to its average volume of 91,647. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 52.19 and a beta of 1.18. TCW Transform Systems ETF has a twelve month low of $90.58 and a twelve month high of $123.23. The business has a 50-day simple moving average of $108.31 and a two-hundred day simple moving average of $109.26.

TCW Transform Systems ETF Company Profile

Perfect World Co, Ltd. is a holding company. The Company, through its subsidiaries, develops and operates online games. It operates in two segments: PRC operations and International operations. The PRC operating segment includes PRC online game business. The International operating segment includes United States online game business, Runic Games and Unknown Worlds. Its portfolio of self-developed online games includes massively multiplayer online role playing games (MMORPGs): Perfect World, Legend of Martial Arts, Perfect World II, Zhu Xian, Chi Bi, Pocketpet Journey West, Battle of the Immortals, Fantasy Zhu Xian, Forsaken World, Empire of the Immortals, Return of the Condor Heroes and Legend of the Condor Heroes, among others.