TCW Artificial Intelligence ETF (NASDAQ:AIFD) Stock Short Interest Jumps 85.9%

TCW Artificial Intelligence ETF (NASDAQ:AIFD) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 22,558 shares, a growth of 85.9% from the August 31st total of 12,137 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average trading volume of 7,372 shares, the days-to-cover ratio is presently 3.1 days.

Hedge Funds Weigh In On TCW Artificial Intelligence ETF

A number of large investors have recently modified their holdings of the business. Envestnet Asset Management Inc. increased its position in shares of TCW Artificial Intelligence ETF by 15.6% in the second quarter. Envestnet Asset Management Inc. now owns 19,300 shares of the company’s stock valued at $1,070,000 after acquiring an additional 2,607 shares during the last quarter. Citadel Advisors LLC increased its position in shares of TCW Artificial Intelligence ETF by 42.2% during the 2nd quarter. Citadel Advisors LLC now owns 9,805 shares of the company’s stock worth $544,000 after purchasing an additional 2,909 shares during the last quarter. Finally, GK Wealth Management LLC bought a new stake in shares of TCW Artificial Intelligence ETF during the 2nd quarter worth approximately $437,000.

TCW Artificial Intelligence ETF Trading Up 0.8%

Shares of NASDAQ AIFD opened at $54.04 on Wednesday. The company has a fifty day moving average price of $51.73 and a 200 day moving average price of $49.45. The firm has a market cap of $143.75 million, a PE ratio of 42.59 and a beta of 1.78. TCW Artificial Intelligence ETF has a 1-year low of $33.69 and a 1-year high of $57.80.

About TCW Artificial Intelligence ETF

The TCW Artificial Intelligence ETF (AIFD) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund of global equity securities of companies focusing on and benefiting from artificial intelligence. It primarily selects growth companies and seeks long-term growth of capital. AIFD was launched on May 6, 2024 and is issued by TCW.