TCW Transform Systems ETF (NASDAQ:PWRD) Sees Significant Drop in Short Interest

TCW Transform Systems ETF (NASDAQ:PWRD) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 25,499 shares, a drop of 82.9% from the May 14th total of 149,199 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 212,285 shares, the short-interest ratio is currently 0.1 days.

TCW Transform Systems ETF Price Performance

PWRD traded up $1.88 during trading on Friday, hitting $113.85. 93,828 shares of the stock traded hands, compared to its average volume of 97,181. TCW Transform Systems ETF has a twelve month low of $83.30 and a twelve month high of $116.63. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 55.81 and a beta of 1.20. The business has a 50 day moving average price of $109.76 and a 200 day moving average price of $103.63.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Key Capital Management INC bought a new position in shares of TCW Transform Systems ETF in the fourth quarter worth about $30,000. Financially Speaking Inc bought a new stake in shares of TCW Transform Systems ETF during the 3rd quarter valued at approximately $54,000. Triumph Capital Management acquired a new position in TCW Transform Systems ETF during the 3rd quarter worth approximately $77,000. Fifth Third Bancorp acquired a new position in TCW Transform Systems ETF during the 1st quarter worth approximately $79,000. Finally, Osaic Holdings Inc. bought a new position in TCW Transform Systems ETF in the 2nd quarter valued at approximately $112,000. Institutional investors own 52.75% of the company’s stock.

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.