TCW Transform Systems ETF (NASDAQ:PWRD) Sees Significant Growth in Short Interest

TCW Transform Systems ETF (NASDAQ:PWRD) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 149,199 shares, an increase of 399.5% from the April 30th total of 29,871 shares. Currently, 1.1% of the company’s stock are short sold. Based on an average trading volume of 94,386 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PWRD. Arete Wealth Advisors LLC acquired a new position in TCW Transform Systems ETF during the first quarter worth $2,231,000. Bank of America Corp DE grew its holdings in shares of TCW Transform Systems ETF by 153.8% during the first quarter. Bank of America Corp DE now owns 90,559 shares of the technology company’s stock valued at $8,854,000 after buying an additional 54,876 shares during the last quarter. Financial Insights Inc. increased its position in shares of TCW Transform Systems ETF by 4.0% during the first quarter. Financial Insights Inc. now owns 22,848 shares of the technology company’s stock worth $2,234,000 after acquiring an additional 885 shares in the last quarter. Cassady Wealth & Retirement Planning LLC increased its position in shares of TCW Transform Systems ETF by 34.4% during the first quarter. Cassady Wealth & Retirement Planning LLC now owns 32,335 shares of the technology company’s stock worth $3,161,000 after acquiring an additional 8,270 shares in the last quarter. Finally, Gateway Wealth Partners LLC raised its holdings in shares of TCW Transform Systems ETF by 98.7% in the 1st quarter. Gateway Wealth Partners LLC now owns 5,722 shares of the technology company’s stock worth $559,000 after acquiring an additional 2,842 shares during the last quarter. 52.75% of the stock is owned by institutional investors.

TCW Transform Systems ETF Trading Down 0.3%

NASDAQ PWRD traded down $0.38 on Friday, hitting $112.53. 48,977 shares of the company were exchanged, compared to its average volume of 98,564. The company has a market cap of $1.46 billion, a PE ratio of 55.16 and a beta of 1.22. TCW Transform Systems ETF has a 12 month low of $81.58 and a 12 month high of $116.39. The stock has a fifty day moving average of $107.11 and a 200-day moving average of $102.58.

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.