TCW Transform Systems ETF (NASDAQ:PWRD) Sees Large Decline in Short Interest

TCW Transform Systems ETF (NASDAQ:PWRD) saw a significant decrease in short interest in September. As of September 15th, there was short interest totaling 27,825 shares, a decrease of 67.7% from the August 31st total of 86,244 shares. Based on an average daily volume of 74,885 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Trading of TCW Transform Systems ETF

Several institutional investors and hedge funds have recently made changes to their positions in PWRD. Integrated Wealth Concepts LLC purchased a new position in TCW Transform Systems ETF during the 2nd quarter valued at about $6,916,000. IFP Advisors Inc lifted its position in shares of TCW Transform Systems ETF by 2,090.6% in the 2nd quarter. IFP Advisors Inc now owns 4,666 shares of the technology company’s stock worth $574,000 after purchasing an additional 4,453 shares during the period. Corient Private Wealth LP boosted its stake in shares of TCW Transform Systems ETF by 7.0% during the second quarter. Corient Private Wealth LP now owns 14,284 shares of the technology company’s stock valued at $1,756,000 after purchasing an additional 930 shares in the last quarter. SFG Wealth Management LLC. boosted its stake in shares of TCW Transform Systems ETF by 8.2% during the second quarter. SFG Wealth Management LLC. now owns 14,782 shares of the technology company’s stock valued at $1,818,000 after purchasing an additional 1,117 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC purchased a new position in TCW Transform Systems ETF during the second quarter valued at approximately $386,000. 52.75% of the stock is currently owned by institutional investors.

TCW Transform Systems ETF Stock Performance

NASDAQ PWRD traded down $1.43 on Monday, reaching $105.03. 85,304 shares of the stock traded hands, compared to its average volume of 91,610. The company has a fifty day moving average price of $108.31 and a 200-day moving average price of $109.32. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 51.49 and a beta of 1.18. TCW Transform Systems ETF has a 12 month low of $90.58 and a 12 month high of $123.23.

TCW Transform Systems ETF Company Profile

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.