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

TCW Transform Systems ETF (NASDAQ:PWRD) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 149,199 shares, an increase of 399.5% from the April 30th total of 29,871 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average trading volume of 94,386 shares, the short-interest ratio is presently 1.6 days.

Institutional Trading of TCW Transform Systems ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Arete Wealth Advisors LLC purchased a new stake in TCW Transform Systems ETF during the first quarter worth about $2,231,000. Bank of America Corp DE boosted its holdings 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 buying an additional 54,876 shares in the last quarter. Financial Insights Inc. boosted its holdings in TCW Transform Systems ETF by 4.0% during the first quarter. Financial Insights Inc. now owns 22,848 shares of the technology company’s stock worth $2,234,000 after buying an additional 885 shares in the last quarter. Cassady Wealth & Retirement Planning LLC boosted its holdings in TCW Transform Systems ETF by 34.4% during the first quarter. Cassady Wealth & Retirement Planning LLC now owns 32,335 shares of the technology company’s stock worth $3,161,000 after buying an additional 8,270 shares in the last quarter. Finally, Gateway Wealth Partners LLC boosted its holdings in TCW Transform Systems ETF by 98.7% during the first quarter. Gateway Wealth Partners LLC now owns 5,722 shares of the technology company’s stock worth $559,000 after buying an additional 2,842 shares in the last quarter. Hedge funds and other institutional investors own 52.75% of the company’s stock.

TCW Transform Systems ETF Trading Up 0.3%

Shares of NASDAQ:PWRD traded up $0.37 during midday trading on Thursday, hitting $113.66. The stock had a trading volume of 26,682 shares, compared to its average volume of 98,729. The company has a market capitalization of $1.48 billion, a PE ratio of 55.72 and a beta of 1.22. The stock has a 50 day moving average price of $106.88 and a two-hundred day moving average price of $102.48. TCW Transform Systems ETF has a 1 year low of $81.58 and a 1 year high of $116.39.

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.