Short Interest in TCW Transform Systems ETF (NASDAQ:PWRD) Declines By 82.9%

TCW Transform Systems ETF (NASDAQ:PWRD) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 25,499 shares, a drop of 82.9% from the May 14th total of 149,199 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 212,285 shares, the days-to-cover ratio is presently 0.1 days.

TCW Transform Systems ETF Price Performance

PWRD stock traded up $5.25 during mid-day trading on Thursday, reaching $111.97. The company had a trading volume of 186,203 shares, compared to its average volume of 97,209. The stock has a 50 day simple moving average of $109.48 and a two-hundred day simple moving average of $103.50. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 54.89 and a beta of 1.20. TCW Transform Systems ETF has a 52 week low of $83.29 and a 52 week high of $116.63.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Arete Wealth Advisors LLC bought a new position in TCW Transform Systems ETF in the first quarter valued at approximately $2,231,000. Bank of America Corp DE grew its stake in TCW Transform Systems ETF by 153.8% in 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 purchasing an additional 54,876 shares in the last quarter. Financial Insights Inc. raised its holdings in shares of TCW Transform Systems ETF by 4.0% in the 1st quarter. Financial Insights Inc. now owns 22,848 shares of the technology company’s stock valued at $2,234,000 after purchasing an additional 885 shares during the period. Cassady Wealth & Retirement Planning LLC raised its holdings in shares of TCW Transform Systems ETF by 34.4% in the 1st quarter. Cassady Wealth & Retirement Planning LLC now owns 32,335 shares of the technology company’s stock valued at $3,161,000 after purchasing an additional 8,270 shares during the period. 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 valued at $559,000 after purchasing an additional 2,842 shares during the period. 52.75% of the stock is currently owned by institutional investors.

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.