TCW Artificial Intelligence ETF (NASDAQ:AIFD – Get Free Report) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 38,048 shares, a growth of 427.9% from the September 30th total of 7,208 shares. Based on an average daily trading volume, of 11,455 shares, the short-interest ratio is presently 3.3 days. Approximately 1.5% of the shares of the company are short sold.
TCW Artificial Intelligence ETF Trading Up 3.0%
Shares of AIFD stock traded up $1.50 during trading hours on Tuesday, hitting $50.87. 7,534 shares of the company were exchanged, compared to its average volume of 17,754. TCW Artificial Intelligence ETF has a 52-week low of $33.69 and a 52-week high of $57.80. The firm has a fifty day simple moving average of $52.32 and a 200 day simple moving average of $47.39. The stock has a market capitalization of $133.29 million, a price-to-earnings ratio of 42.59 and a beta of 1.75.
Institutional Trading of TCW Artificial Intelligence ETF
A number of institutional investors have recently modified their holdings of AIFD. Envestnet Asset Management Inc. grew its position 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 in the last quarter. Citadel Advisors LLC raised its stake in shares of 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 purchasing an additional 2,909 shares during the period. GK Wealth Management LLC bought a new position in TCW Artificial Intelligence ETF in the 2nd quarter worth about $437,000. Revisor Wealth Management LLC boosted its stake in TCW Artificial Intelligence ETF by 7.2% in the 3rd quarter. Revisor Wealth Management LLC now owns 5,956 shares of the company’s stock worth $307,000 after purchasing an additional 398 shares during the period. Finally, Cyndeo Wealth Partners LLC grew its holdings in TCW Artificial Intelligence ETF by 16.2% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 5,046 shares of the company’s stock valued at $273,000 after buying an additional 705 shares in the last quarter.
TCW Artificial Intelligence ETF Company Profile
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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