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

TCW Transform Systems ETF (NASDAQ:PWRD) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 58,564 shares, an increase of 84.5% from the June 15th total of 31,734 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 107,921 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On TCW Transform Systems ETF

Several hedge funds have recently made changes to their positions in the business. WCG Wealth Advisors LLC increased its stake in TCW Transform Systems ETF by 192.9% during the fourth quarter. WCG Wealth Advisors LLC now owns 359,839 shares of the technology company’s stock worth $34,601,000 after acquiring an additional 236,974 shares during the last quarter. Quadcap Wealth Management LLC lifted its stake in shares of TCW Transform Systems ETF by 12.8% in the 4th quarter. Quadcap Wealth Management LLC now owns 86,225 shares of the technology company’s stock valued at $8,298,000 after purchasing an additional 9,798 shares in the last quarter. Quotient Wealth Partners LLC lifted its stake in shares of TCW Transform Systems ETF by 4,251.4% in the 4th quarter. Quotient Wealth Partners LLC now owns 661,587 shares of the technology company’s stock valued at $63,615,000 after purchasing an additional 646,383 shares in the last quarter. Dynasty Wealth Management LLC grew its holdings in shares of TCW Transform Systems ETF by 63.6% during the 4th quarter. Dynasty Wealth Management LLC now owns 5,303,116 shares of the technology company’s stock worth $509,927,000 after purchasing an additional 2,061,596 shares during the period. Finally, TritonPoint Partners LLC purchased a new stake in shares of TCW Transform Systems ETF during the 4th quarter worth about $1,293,000. Institutional investors and hedge funds own 52.75% of the company’s stock.

TCW Transform Systems ETF Stock Performance

Shares of PWRD opened at $109.85 on Friday. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 53.85 and a beta of 1.18. The company’s 50 day simple moving average is $114.19 and its 200 day simple moving average is $107.08. TCW Transform Systems ETF has a 1 year low of $88.80 and a 1 year high of $123.23.

TCW Transform Systems ETF Announces Dividend

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

About TCW Transform Systems ETF

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.