TCW Compounders ETF (NASDAQ:GRW) Sees Large Decrease in Short Interest

TCW Compounders ETF (NASDAQ:GRW) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totaling 3,519 shares, a drop of 33.4% from the September 30th total of 5,282 shares. Based on an average daily volume of 9,817 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On TCW Compounders ETF

A hedge fund recently bought a new position in TCW Compounders ETF stock. Angeles Wealth Management LLC acquired a new stake in shares of TCW Compounders ETF (NASDAQ:GRW) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 28,350 shares of the company’s stock, valued at approximately $780,000. Angeles Wealth Management LLC owned 1.19% of TCW Compounders ETF at the end of the most recent reporting period.

TCW Compounders ETF Stock Performance

Shares of GRW remained flat at $30.95 during midday trading on Tuesday. 1,420 shares of the stock traded hands, compared to its average volume of 12,016. The firm has a 50 day moving average price of $31.09 and a 200 day moving average price of $30.68. The stock has a market cap of $57.57 million, a PE ratio of 42.06 and a beta of 0.87. TCW Compounders ETF has a one year low of $26.63 and a one year high of $33.03.

About TCW Compounders ETF

The TCW Compounders ETF (GRW) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund of global equity securities of companies benefiting from economic transformation. It emphasizes large-cap companies and seeks long-term growth of capital. GRW was launched on May 6, 2024 and is issued by TCW.