Short Interest in TCW Transform Systems ETF (NASDAQ:PWRD) Declines By 80.5%

TCW Transform Systems ETF (NASDAQ:PWRD) saw a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 29,871 shares, a drop of 80.5% from the April 15th total of 152,933 shares. Based on an average trading volume of 85,792 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s shares are short sold.

TCW Transform Systems ETF Trading Down 1.0%

PWRD stock traded down $1.19 during trading on Tuesday, hitting $112.81. The company had a trading volume of 10,039 shares, compared to its average volume of 86,802. The stock has a market cap of $1.47 billion, a PE ratio of 55.30 and a beta of 1.22. The business has a 50-day moving average of $104.99 and a 200-day moving average of $101.54. TCW Transform Systems ETF has a one year low of $78.25 and a one year high of $116.39.

Institutional Investors Weigh In On TCW Transform Systems ETF

Large investors have recently modified their holdings of the company. Dynasty Wealth Management LLC acquired a new position in TCW Transform Systems ETF in the third quarter valued at $316,667,000. Sagespring Wealth Partners LLC bought a new position in shares of TCW Transform Systems ETF in the 3rd quarter worth about $259,810,000. OpenArc Corporate Advisory LLC bought a new position in shares of TCW Transform Systems ETF in the 4th quarter worth about $160,621,000. Quotient Wealth Partners LLC lifted 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 during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of TCW Transform Systems ETF by 18.9% during 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. 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.