TCW Transform Systems ETF (NASDAQ:PWRD) Stock Short Interest Drops 48.8%

TCW Transform Systems ETF (NASDAQ:PWRD) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 14,235 shares, a drop of 48.8% from the September 15th total of 27,825 shares. Based on an average daily trading volume, of 76,804 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

TCW Transform Systems ETF Trading Down 1.8%

PWRD traded down $1.77 during trading on Friday, reaching $99.04. 216,692 shares of the company’s stock were exchanged, compared to its average volume of 95,872. TCW Transform Systems ETF has a one year low of $90.58 and a one year high of $123.23. The firm has a fifty day moving average price of $106.97 and a two-hundred day moving average price of $109.78. The stock has a market capitalization of $1.43 billion, a PE ratio of 48.55 and a beta of 1.18.

Hedge Funds Weigh In On TCW Transform Systems ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quotient Wealth Partners LLC raised its stake in TCW Transform Systems ETF by 41.0% during the first quarter. Quotient Wealth Partners LLC now owns 933,031 shares of the technology company’s stock worth $91,219,000 after buying an additional 271,444 shares during the last quarter. Unique Wealth LLC lifted its stake in shares of TCW Transform Systems ETF by 3.2% in the 1st quarter. Unique Wealth LLC now owns 172,606 shares of the technology company’s stock valued at $16,875,000 after purchasing an additional 5,282 shares during the period. Procyon Advisors LLC increased its holdings in TCW Transform Systems ETF by 13.9% in the first quarter. Procyon Advisors LLC now owns 135,106 shares of the technology company’s stock worth $13,209,000 after purchasing an additional 16,486 shares in the last quarter. Quadcap Wealth Management LLC grew its position in shares of TCW Transform Systems ETF by 10.6% during the 1st quarter. Quadcap Wealth Management LLC now owns 95,352 shares of the technology company’s stock worth $9,322,000 after buying an additional 9,127 shares during the period. Finally, Bank of America Corp DE boosted its stake in TCW Transform Systems ETF by 153.8% during the first quarter. Bank of America Corp DE now owns 90,559 shares of the technology company’s stock worth $8,854,000 after acquiring an additional 54,876 shares in the last quarter. 52.75% of the stock is owned by institutional investors and hedge funds.

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.