TCW Artificial Intelligence ETF (NASDAQ:AIFD – Get Free Report) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 22,558 shares, a growth of 85.9% from the August 31st total of 12,137 shares. Based on an average trading volume of 7,372 shares, the days-to-cover ratio is currently 3.1 days. Approximately 0.9% of the shares of the company are short sold.
Institutional Investors Weigh In On TCW Artificial Intelligence ETF
Large investors have recently modified their holdings of the business. Envestnet Asset Management Inc. increased its holdings in shares of TCW Artificial Intelligence ETF by 15.6% in the second quarter. Envestnet Asset Management Inc. now owns 19,300 shares of the company’s stock valued at $1,070,000 after purchasing an additional 2,607 shares during the last quarter. Citadel Advisors LLC boosted its holdings in TCW Artificial Intelligence ETF by 42.2% during the 2nd quarter. Citadel Advisors LLC now owns 9,805 shares of the company’s stock valued at $544,000 after acquiring an additional 2,909 shares during the period. Finally, GK Wealth Management LLC purchased a new stake in TCW Artificial Intelligence ETF during the 2nd quarter worth approximately $437,000.
TCW Artificial Intelligence ETF Trading Up 1.1%
AIFD traded up $0.59 on Tuesday, reaching $54.20. The stock had a trading volume of 2,259 shares, compared to its average volume of 18,052. TCW Artificial Intelligence ETF has a 12-month low of $33.69 and a 12-month high of $57.80. The business’s 50-day moving average price is $51.68 and its two-hundred day moving average price is $49.35. The company has a market cap of $144.17 million, a P/E ratio of 42.59 and a beta of 1.78.
About TCW Artificial Intelligence ETF
The TCW Artificial Intelligence ETF (AIFD) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund of global equity securities of companies focusing on and benefiting from artificial intelligence. It primarily selects growth companies and seeks long-term growth of capital. AIFD was launched on May 6, 2024 and is issued by TCW.
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