Short Interest in TCW Transform Systems ETF (NASDAQ:PWRD) Drops By 55.0%

TCW Transform Systems ETF (NASDAQ:PWRD) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totaling 152,933 shares, a drop of 55.0% from the March 31st total of 340,110 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 66,217 shares, the days-to-cover ratio is presently 2.3 days.

TCW Transform Systems ETF Stock Down 2.3%

TCW Transform Systems ETF stock traded down $2.50 during trading hours on Tuesday, hitting $108.49. The stock had a trading volume of 107,461 shares, compared to its average volume of 86,091. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 53.18 and a beta of 1.20. TCW Transform Systems ETF has a one year low of $70.84 and a one year high of $111.83. The business’s 50 day simple moving average is $104.22 and its 200-day simple moving average is $100.83.

Hedge Funds Weigh In On TCW Transform Systems ETF

Large investors have recently bought and sold shares of the company. Key Capital Management INC bought a new position in TCW Transform Systems ETF in the fourth quarter valued at about $30,000. Private Trust Co. NA bought a new position in shares of TCW Transform Systems ETF during the third quarter worth about $33,000. Financially Speaking Inc bought a new position in shares of TCW Transform Systems ETF during the third quarter worth about $54,000. Triumph Capital Management bought a new position in shares of TCW Transform Systems ETF during the third quarter worth about $77,000. Finally, Osaic Holdings Inc. bought a new position in shares of TCW Transform Systems ETF during the second quarter worth about $112,000. 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.