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

TCW Transform Systems ETF (NASDAQ:PWRD) saw a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 127,235 shares, a growth of 106.8% from the February 26th total of 61,532 shares. Based on an average daily volume of 109,950 shares, the short-interest ratio is currently 1.2 days. Currently, 1.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PWRD. Key Capital Management INC purchased a new position in shares of TCW Transform Systems ETF during the fourth quarter valued at approximately $30,000. Private Trust Co. NA bought a new position in shares of TCW Transform Systems ETF during the 3rd quarter worth $33,000. Financially Speaking Inc purchased a new position in shares of TCW Transform Systems ETF in the third quarter worth about $54,000. Triumph Capital Management bought a new stake in TCW Transform Systems ETF during the 3rd quarter valued at $77,000. Finally, Osaic Holdings Inc. bought a new stake in shares of TCW Transform Systems ETF during the 2nd quarter valued at $112,000. 52.75% of the stock is owned by institutional investors.

TCW Transform Systems ETF Trading Down 0.6%

TCW Transform Systems ETF stock traded down $0.57 during trading hours on Friday, reaching $96.74. 78,778 shares of the stock were exchanged, compared to its average volume of 81,995. The stock has a 50 day moving average of $102.66 and a two-hundred day moving average of $99.52. TCW Transform Systems ETF has a twelve month low of $59.38 and a twelve month high of $110.35. The company has a market cap of $1.02 billion, a P/E ratio of 47.42 and a beta of 1.19.

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.