TCW Transform Systems ETF (NASDAQ:PWRD) Stock Short Interest Jumps 141.0%

TCW Transform Systems ETF (NASDAQ:PWRD) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 34,306 shares, an increase of 141.0% from the September 30th total of 14,235 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 146,840 shares, the days-to-cover ratio is currently 0.2 days.

TCW Transform Systems ETF Stock Down 2.6%

TCW Transform Systems ETF stock traded down $2.64 during mid-day trading on Friday, hitting $97.96. 40,916 shares of the company’s stock traded hands, compared to its average volume of 96,866. TCW Transform Systems ETF has a one year low of $90.58 and a one year high of $123.23. The firm has a 50 day moving average price of $104.40 and a 200 day moving average price of $107.26. The company has a market cap of $1.42 billion, a PE ratio of 47.88 and a beta of 1.18.

Hedge Funds Weigh In On TCW Transform Systems ETF

Several large investors have recently added to or reduced their stakes in PWRD. Farther Finance Advisors LLC bought a new stake in shares of TCW Transform Systems ETF during the third quarter valued at approximately $58,000. Fifth Third Bancorp acquired a new position in shares of TCW Transform Systems ETF in the first quarter valued at about $79,000. WealthTrust Asset Management LLC boosted its position in shares of 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 acquiring an additional 122 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new position in TCW Transform Systems ETF in the 2nd quarter worth about $386,000. Finally, Dynamic Advisor Solutions LLC acquired a new position in TCW Transform Systems ETF during the 2nd quarter worth about $484,000. Institutional investors and hedge funds own 52.75% of the company’s stock.

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.