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

TCW Transform Systems ETF (NASDAQ:PWRD) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totaling 340,110 shares, an increase of 167.3% from the March 15th total of 127,235 shares. Based on an average daily trading volume, of 107,399 shares, the days-to-cover ratio is presently 3.2 days. Currently, 2.7% of the shares of the stock are short sold.

TCW Transform Systems ETF Trading Up 0.6%

PWRD stock traded up $0.65 during mid-day trading on Friday, hitting $106.73. The stock had a trading volume of 35,735 shares, compared to its average volume of 87,074. TCW Transform Systems ETF has a 52 week low of $64.50 and a 52 week high of $110.35. The firm has a market capitalization of $1.35 billion, a P/E ratio of 52.32 and a beta of 1.20. The firm has a fifty day simple moving average of $102.66 and a 200 day simple moving average of $99.93.

Institutional Investors Weigh In On TCW Transform Systems ETF

A number of hedge funds have recently made changes to their positions in the stock. Dynasty Wealth Management LLC boosted its stake in shares of TCW Transform Systems ETF by 63.6% in the 4th quarter. Dynasty Wealth Management LLC now owns 5,303,116 shares of the technology company’s stock valued at $509,927,000 after purchasing an additional 2,061,596 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of TCW Transform Systems ETF by 18.9% in the 4th quarter. JPMorgan Chase & Co. now owns 3,029,797 shares of the technology company’s stock valued at $291,332,000 after purchasing an additional 480,792 shares in the last quarter. Sagespring Wealth Partners LLC acquired a new stake in shares of TCW Transform Systems ETF in the 3rd quarter valued at approximately $259,810,000. OpenArc Corporate Advisory LLC acquired a new stake in shares of TCW Transform Systems ETF in the 4th quarter valued at approximately $160,621,000. Finally, Quotient Wealth Partners LLC boosted 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. 52.75% of the stock is currently 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.