Short Interest in TCW Transform Systems ETF (NASDAQ:PWRD) Expands By 280.1%

TCW Transform Systems ETF (NASDAQ:PWRD) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 62,883 shares, a growth of 280.1% from the July 30th total of 16,544 shares. Based on an average trading volume of 58,381 shares, the short-interest ratio is currently 1.1 days. Currently, 0.5% of the shares of the company are sold short.

Hedge Funds Weigh In On TCW Transform Systems ETF

Several institutional investors have recently modified their holdings of the company. Corient Private Wealth LP increased its holdings in shares of TCW Transform Systems ETF by 7.0% in the 2nd quarter. Corient Private Wealth LP now owns 14,284 shares of the technology company’s stock worth $1,756,000 after acquiring an additional 930 shares during the period. SFG Wealth Management LLC. boosted its stake in TCW Transform Systems ETF by 8.2% during the 2nd quarter. SFG Wealth Management LLC. now owns 14,782 shares of the technology company’s stock valued at $1,818,000 after purchasing an additional 1,117 shares during the period. Wealthcare Advisory Partners LLC bought a new position in TCW Transform Systems ETF in the 2nd quarter worth about $386,000. Capital Wealth Management LLC grew its position in TCW Transform Systems ETF by 5.5% in the 2nd quarter. Capital Wealth Management LLC now owns 15,969 shares of the technology company’s stock worth $1,964,000 after purchasing an additional 826 shares during the last quarter. Finally, First Heartland Consultants Inc. increased its stake in shares of TCW Transform Systems ETF by 5.9% in the second quarter. First Heartland Consultants Inc. now owns 9,699 shares of the technology company’s stock valued at $1,193,000 after purchasing an additional 544 shares during the period. Institutional investors own 52.75% of the company’s stock.

TCW Transform Systems ETF Trading Down 2.6%

Shares of TCW Transform Systems ETF stock opened at $105.71 on Friday. The business’s 50 day simple moving average is $112.44 and its 200-day simple moving average is $109.33. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 51.82 and a beta of 1.19. TCW Transform Systems ETF has a twelve month low of $89.13 and a twelve month high of $123.23.

TCW Transform Systems ETF Dividend Announcement

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

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.