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

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

TCW Transform Systems ETF Trading Up 0.9%

Shares of TCW Transform Systems ETF stock traded up $0.93 on Friday, hitting $106.46. The stock had a trading volume of 32,897 shares, compared to its average volume of 91,647. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 52.19 and a beta of 1.18. TCW Transform Systems ETF has a 52-week low of $90.58 and a 52-week high of $123.23. The company’s 50 day moving average price is $108.31 and its 200 day moving average price is $109.26.

Institutional Investors Weigh In On TCW Transform Systems ETF

Several large investors have recently modified their holdings of the company. Fifth Third Bancorp purchased a new stake in TCW Transform Systems ETF in the 1st quarter valued at $79,000. WealthTrust Asset Management LLC boosted its stake in shares of TCW Transform Systems ETF by 5.4% during the first quarter. WealthTrust Asset Management LLC now owns 2,361 shares of the technology company’s stock worth $231,000 after buying an additional 122 shares during the period. Rare Wolf Capital LLC acquired a new stake in shares of TCW Transform Systems ETF during the fourth quarter worth about $332,000. Wealthcare Advisory Partners LLC purchased a new position in shares of TCW Transform Systems ETF during the second quarter worth about $386,000. Finally, Janney Montgomery Scott LLC raised its stake in TCW Transform Systems ETF by 21.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 4,516 shares of the technology company’s stock valued at $442,000 after acquiring an additional 809 shares during the last quarter. 52.75% of the stock is owned by institutional investors and hedge funds.

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.