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

TCW Transform Systems ETF (NASDAQ:PWRD) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 38,945 shares, a decrease of 33.5% from the June 30th total of 58,564 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 79,829 shares, the short-interest ratio is currently 0.5 days.

TCW Transform Systems ETF Trading Up 4.9%

Shares of NASDAQ:PWRD opened at $106.47 on Friday. The company has a market capitalization of $1.42 billion, a PE ratio of 52.19 and a beta of 1.18. TCW Transform Systems ETF has a 12-month low of $89.13 and a 12-month high of $123.23. The business’s fifty day simple moving average is $113.71 and its 200-day simple moving average is $107.86.

TCW Transform Systems ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Tuesday, June 23rd were given a dividend of $0.0607 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Tuesday, June 23rd. TCW Transform Systems ETF’s dividend payout ratio is presently 2.94%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. WealthTrust Asset Management LLC grew its stake in TCW Transform Systems ETF by 5.4% during the 1st quarter. WealthTrust Asset Management LLC now owns 2,361 shares of the technology company’s stock worth $231,000 after buying an additional 122 shares during the last quarter. Trademark Financial Management LLC raised its stake in TCW Transform Systems ETF by 2.1% in the first quarter. Trademark Financial Management LLC now owns 8,478 shares of the technology company’s stock valued at $829,000 after buying an additional 172 shares during the last quarter. &PARTNERS raised its stake in TCW Transform Systems ETF by 3.7% in the fourth quarter. &PARTNERS now owns 4,943 shares of the technology company’s stock valued at $475,000 after buying an additional 175 shares during the last quarter. WJ Wealth Management LLC raised its stake in TCW Transform Systems ETF by 0.3% in the fourth quarter. WJ Wealth Management LLC now owns 71,101 shares of the technology company’s stock valued at $6,837,000 after buying an additional 179 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in TCW Transform Systems ETF by 7.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 3,707 shares of the technology company’s stock worth $356,000 after acquiring an additional 250 shares in the last quarter. 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.