Short Interest in TCW Transform Systems ETF (NASDAQ:PWRD) Declines By 33.5%

TCW Transform Systems ETF (NASDAQ:PWRD) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 38,945 shares, a drop of 33.5% from the June 30th total of 58,564 shares. Based on an average daily trading volume, of 79,829 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the shares of the company are short sold.

Hedge Funds Weigh In On TCW Transform Systems ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Key Capital Management INC acquired a new stake in shares of TCW Transform Systems ETF during the 4th quarter valued at about $30,000. Triumph Capital Management acquired a new position in TCW Transform Systems ETF in the third quarter worth about $77,000. Fifth Third Bancorp acquired a new position in TCW Transform Systems ETF in the first quarter worth about $79,000. Osaic Holdings Inc. bought a new position in TCW Transform Systems ETF during the second quarter worth about $112,000. Finally, WealthTrust Asset Management LLC lifted its stake in 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 purchasing an additional 122 shares during the period. 52.75% of the stock is owned by institutional investors.

TCW Transform Systems ETF Trading Up 1.4%

Shares of NASDAQ PWRD opened at $107.94 on Friday. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 52.91 and a beta of 1.18. TCW Transform Systems ETF has a one year low of $89.13 and a one year high of $123.23. The business has a fifty day simple moving average of $113.64 and a 200 day simple moving average of $107.86.

TCW Transform Systems ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Tuesday, June 23rd were issued a $0.0607 dividend. This represents a $0.24 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Tuesday, June 23rd. TCW Transform Systems ETF’s payout ratio is 2.94%.

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.