TCW Transform 500 ETF (NASDAQ:VOTE) Stock Short Interest Drops 90.7%

TCW Transform 500 ETF (NASDAQ:VOTE) saw a significant drop in short interest in September. As of September 15th, there was short interest totaling 1,049 shares, a drop of 90.7% from the August 31st total of 11,276 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 25,679 shares, the short-interest ratio is presently 0.0 days.

TCW Transform 500 ETF Price Performance

NASDAQ VOTE traded up $0.03 during mid-day trading on Thursday, reaching $90.58. The stock had a trading volume of 29,397 shares, compared to its average volume of 27,748. The stock has a market cap of $1.14 billion, a PE ratio of 25.32 and a beta of 1.01. TCW Transform 500 ETF has a 1 year low of $73.89 and a 1 year high of $91.89. The company has a fifty day moving average price of $90.55 and a 200 day moving average price of $88.85.

TCW Transform 500 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Tuesday, September 22nd will be issued a $0.2273 dividend. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Tuesday, September 22nd. This is a positive change from TCW Transform 500 ETF’s previous quarterly dividend of $0.2242.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. boosted its position in shares of TCW Transform 500 ETF by 8.1% during the first quarter. PNC Financial Services Group Inc. now owns 1,180,277 shares of the company’s stock valued at $90,055,000 after buying an additional 88,256 shares during the last quarter. Gateway Wealth Partners LLC increased its holdings in TCW Transform 500 ETF by 104.6% in the 1st quarter. Gateway Wealth Partners LLC now owns 100,168 shares of the company’s stock worth $7,643,000 after buying an additional 51,206 shares in the last quarter. Fairman Group LLC raised its position in TCW Transform 500 ETF by 813.0% in the 1st quarter. Fairman Group LLC now owns 21,072 shares of the company’s stock worth $1,608,000 after buying an additional 18,764 shares during the last quarter. Bank of America Corp DE raised its position in TCW Transform 500 ETF by 5.2% in the 1st quarter. Bank of America Corp DE now owns 185,779 shares of the company’s stock worth $14,175,000 after buying an additional 9,215 shares during the last quarter. Finally, Sonoma Allocations LLC lifted its stake in TCW Transform 500 ETF by 110.3% during the 4th quarter. Sonoma Allocations LLC now owns 7,961 shares of the company’s stock valued at $650,000 after acquiring an additional 4,175 shares during the period.

About TCW Transform 500 ETF

The Engine No. 1 Transform 500 ETF (VOTE) is an exchange-traded fund that is based on the Morningstar US Large Cap Select index. The ETF currently has 410.2m in AUM and 505 holdings. VOTE tracks a market-cap-weighted index consisting of large-cap US stocks VOTE was launched on Jun 22, 2021 and is managed by Engine No. 1.