TCW Artificial Intelligence ETF (NASDAQ:AIFD) Shares Shorted: Short Interest Up 427.9% in October

TCW Artificial Intelligence ETF (NASDAQ:AIFD) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 38,048 shares, an increase of 427.9% from the September 30th total of 7,208 shares. Based on an average trading volume of 11,455 shares, the days-to-cover ratio is currently 3.3 days. Approximately 1.5% of the shares of the stock are short sold.

Institutional Trading of TCW Artificial Intelligence ETF

A number of institutional investors and hedge funds have recently made changes to their positions in AIFD. Revisor Wealth Management LLC lifted its position in shares of TCW Artificial Intelligence ETF by 7.2% during the 3rd quarter. Revisor Wealth Management LLC now owns 5,956 shares of the company’s stock valued at $307,000 after buying an additional 398 shares in the last quarter. Cyndeo Wealth Partners LLC grew its stake in TCW Artificial Intelligence ETF by 16.2% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 5,046 shares of the company’s stock valued at $273,000 after acquiring an additional 705 shares during the period. Envestnet Asset Management Inc. increased its holdings in TCW Artificial Intelligence ETF by 15.6% in the 2nd 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 in the last quarter. Citadel Advisors LLC increased its holdings in TCW Artificial Intelligence ETF by 42.2% in the 2nd quarter. Citadel Advisors LLC now owns 9,805 shares of the company’s stock worth $544,000 after acquiring an additional 2,909 shares in the last quarter. Finally, GK Wealth Management LLC purchased a new stake in TCW Artificial Intelligence ETF in the 2nd quarter worth $437,000.

TCW Artificial Intelligence ETF Stock Performance

Shares of TCW Artificial Intelligence ETF stock traded up $0.85 on Wednesday, hitting $51.67. The company’s stock had a trading volume of 10,995 shares, compared to its average volume of 17,733. The company has a market capitalization of $135.37 million, a price-to-earnings ratio of 42.59 and a beta of 1.75. TCW Artificial Intelligence ETF has a 1 year low of $33.69 and a 1 year high of $57.80. The firm has a fifty day moving average price of $52.25 and a 200-day moving average price of $47.45.

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.