TCW Transform Systems ETF (NASDAQ:PWRD) Sees Large Decrease in Short Interest

TCW Transform Systems ETF (NASDAQ:PWRD) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 14,235 shares, a decline of 48.8% from the September 15th total of 27,825 shares. Based on an average daily volume of 76,804 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

TCW Transform Systems ETF Trading Down 3.5%

Shares of NASDAQ:PWRD traded down $3.68 during trading on Wednesday, reaching $101.78. The company had a trading volume of 30,238 shares, compared to its average volume of 94,761. The company has a fifty day moving average of $107.66 and a two-hundred day moving average of $109.79. The stock has a market capitalization of $1.46 billion, a P/E ratio of 49.94 and a beta of 1.18. TCW Transform Systems ETF has a 12 month low of $90.58 and a 12 month high of $123.23.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC bought a new position in TCW Transform Systems ETF in the third quarter valued at $58,000. Fifth Third Bancorp bought a new stake in TCW Transform Systems ETF during the first quarter worth about $79,000. 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 last quarter. Rare Wolf Capital LLC purchased a new position in shares of TCW Transform Systems ETF in the 4th quarter worth about $332,000. Finally, Wealthcare Advisory Partners LLC purchased a new position in shares of TCW Transform Systems ETF in the 2nd quarter worth about $386,000. 52.75% of the stock is currently owned by hedge funds and other institutional investors.

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.