TCW Transform Systems ETF (NASDAQ:PWRD) Stock Short Interest Declines 67.7%

TCW Transform Systems ETF (NASDAQ:PWRD) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 27,825 shares, a decrease of 67.7% from the August 31st total of 86,244 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 74,885 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On TCW Transform Systems ETF

A number of large investors have recently modified their holdings of PWRD. Fifth Third Bancorp bought a new position in TCW Transform Systems ETF in the 1st quarter worth approximately $79,000. WealthTrust Asset Management LLC boosted its stake in shares of TCW Transform Systems ETF by 5.4% in the 1st quarter. WealthTrust Asset Management LLC now owns 2,361 shares of the technology company’s stock valued at $231,000 after purchasing an additional 122 shares during the last quarter. Rare Wolf Capital LLC bought a new stake in shares of TCW Transform Systems ETF during the fourth quarter worth approximately $332,000. Wealthcare Advisory Partners LLC acquired a new position in TCW Transform Systems ETF in the second quarter valued at approximately $386,000. Finally, Janney Montgomery Scott LLC boosted its stake in TCW Transform Systems ETF by 21.8% in the first quarter. Janney Montgomery Scott LLC now owns 4,516 shares of the technology company’s stock valued at $442,000 after acquiring an additional 809 shares during the last quarter. 52.75% of the stock is currently owned by institutional investors and hedge funds.

TCW Transform Systems ETF Stock Performance

Shares of NASDAQ PWRD traded up $0.71 during mid-day trading on Tuesday, hitting $105.74. 76,728 shares of the stock were exchanged, compared to its average volume of 91,604. The company has a market cap of $1.49 billion, a P/E ratio of 51.83 and a beta of 1.18. The stock’s fifty day simple moving average is $108.22 and its two-hundred day simple moving average is $109.33. TCW Transform Systems ETF has a twelve month low of $90.58 and a twelve month high of $123.23.

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.