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

TCW Transform Systems ETF (NASDAQ:PWRDGet Free Report) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 62,883 shares, a growth of 280.1% from the July 30th total of 16,544 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average trading volume of 58,381 shares, the days-to-cover ratio is presently 1.1 days.

TCW Transform Systems ETF Price Performance

NASDAQ PWRD opened at $108.63 on Thursday. The stock’s 50 day simple moving average is $112.96 and its 200 day simple moving average is $109.28. TCW Transform Systems ETF has a one year low of $89.13 and a one year high of $123.23. The firm has a market cap of $1.45 billion, a PE ratio of 53.25 and a beta of 1.19.

TCW Transform Systems ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Tuesday, June 23rd were paid a $0.0607 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.24 dividend on an annualized basis and a yield of 0.2%. TCW Transform Systems ETF’s payout ratio is currently 2.94%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Triumph Capital Management acquired a new position in TCW Transform Systems ETF during the 3rd quarter worth about $77,000. Fifth Third Bancorp bought a new position in shares of TCW Transform Systems ETF in the first quarter worth about $79,000. Osaic Holdings Inc. acquired a new position in TCW Transform Systems ETF during the 2nd quarter worth $112,000. WealthTrust Asset Management LLC lifted its stake in shares of TCW Transform Systems ETF by 5.4% during the first quarter. WealthTrust Asset Management LLC now owns 2,361 shares of the technology company’s stock valued at $231,000 after acquiring an additional 122 shares during the period. Finally, One Capital Management LLC acquired a new stake in shares of TCW Transform Systems ETF during the 3rd quarter worth approximately $271,000. 52.75% of the stock is owned by institutional investors.

About TCW Transform Systems ETF

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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.

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