TCW Transform Systems ETF (NASDAQ:PWRD) Shares Shorted: Short Interest Up 141.0% in October

TCW Transform Systems ETF (NASDAQ:PWRD) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 34,306 shares, a growth of 141.0% from the September 30th total of 14,235 shares. Based on an average daily trading volume, of 146,840 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the company’s shares are short sold.

Hedge Funds Weigh In On TCW Transform Systems ETF

A number of institutional investors have recently modified their holdings of PWRD. Procyon Advisors LLC grew its stake in TCW Transform Systems ETF by 13.9% in the 1st quarter. Procyon Advisors LLC now owns 135,106 shares of the technology company’s stock valued at $13,209,000 after purchasing an additional 16,486 shares during the period. Quadcap Wealth Management LLC grew its position in shares of TCW Transform Systems ETF by 10.6% during the 1st quarter. Quadcap Wealth Management LLC now owns 95,352 shares of the technology company’s stock valued at $9,322,000 after purchasing an additional 9,127 shares in the last quarter. Bank of America Corp DE increased its stake in TCW Transform Systems ETF by 153.8% in the 1st quarter. Bank of America Corp DE now owns 90,559 shares of the technology company’s stock worth $8,854,000 after acquiring an additional 54,876 shares during the last quarter. Venture Visionary Partners LLC raised its stake in TCW Transform Systems ETF by 3.1% in the third quarter. Venture Visionary Partners LLC now owns 89,843 shares of the technology company’s stock valued at $9,451,000 after purchasing an additional 2,722 shares in the last quarter. Finally, Albion Financial Group UT raised its position in TCW Transform Systems ETF by 1.7% during the third quarter. Albion Financial Group UT now owns 73,456 shares of the technology company’s stock valued at $7,727,000 after purchasing an additional 1,240 shares in the last quarter. 52.75% of the stock is owned by institutional investors and hedge funds.

TCW Transform Systems ETF Stock Performance

Shares of NASDAQ PWRD traded down $3.01 during midday trading on Friday, reaching $97.59. The stock had a trading volume of 84,035 shares, compared to its average volume of 97,085. The company’s 50 day moving average price is $104.19 and its 200 day moving average price is $107.25. TCW Transform Systems ETF has a twelve month low of $90.58 and a twelve month high of $123.23. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 47.84 and a beta of 1.18.

About TCW Transform Systems ETF

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.