TCW Artificial Intelligence ETF (NASDAQ:AIFD) Shares Shorted: Short Interest Down 68.0% in September

TCW Artificial Intelligence ETF (NASDAQ:AIFD) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 7,208 shares, a decline of 68.0% from the September 15th total of 22,558 shares. Based on an average daily trading volume, of 9,716 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.3% of the company’s shares are short sold.

TCW Artificial Intelligence ETF Trading Down 1.1%

Shares of NASDAQ:AIFD traded down $0.61 during trading on Tuesday, hitting $53.60. 2,965 shares of the company’s stock traded hands, compared to its average volume of 17,710. The company has a 50-day moving average price of $52.87 and a 200-day moving average price of $50.43. TCW Artificial Intelligence ETF has a 52 week low of $33.69 and a 52 week high of $57.80. The company has a market cap of $142.57 million, a price-to-earnings ratio of 42.59 and a beta of 1.75.

Hedge Funds Weigh In On TCW Artificial Intelligence ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GK Wealth Management LLC acquired a new position in TCW Artificial Intelligence ETF in the 2nd quarter valued at about $437,000. Citadel Advisors LLC lifted its position in TCW Artificial Intelligence ETF by 42.2% during the second quarter. Citadel Advisors LLC now owns 9,805 shares of the company’s stock worth $544,000 after acquiring an additional 2,909 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in TCW Artificial Intelligence ETF by 15.6% during the second quarter. Envestnet Asset Management Inc. now owns 19,300 shares of the company’s stock worth $1,070,000 after acquiring an additional 2,607 shares during the last quarter.

TCW Artificial Intelligence ETF Company Profile

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.