TCW Artificial Intelligence ETF (NASDAQ:AIFD – Get Free Report) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 7,208 shares, a decline of 68.0% from the September 15th total of 22,558 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 9,716 shares, the short-interest ratio is presently 0.7 days.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its position in shares of TCW Artificial Intelligence ETF by 15.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 19,300 shares of the company’s stock valued at $1,070,000 after acquiring an additional 2,607 shares during the last quarter. Citadel Advisors LLC grew its holdings in shares of TCW Artificial Intelligence ETF by 42.2% in the second quarter. Citadel Advisors LLC now owns 9,805 shares of the company’s stock valued at $544,000 after purchasing an additional 2,909 shares during the period. Finally, GK Wealth Management LLC purchased a new stake in shares of TCW Artificial Intelligence ETF in the second quarter valued at about $437,000.
TCW Artificial Intelligence ETF Trading Down 2.0%
NASDAQ:AIFD traded down $1.13 during trading hours on Monday, hitting $54.39. The company had a trading volume of 5,277 shares, compared to its average volume of 17,709. The company has a 50-day moving average of $52.80 and a 200 day moving average of $50.33. The company has a market cap of $144.68 million, a P/E ratio of 42.59 and a beta of 1.75. TCW Artificial Intelligence ETF has a 1 year low of $33.69 and a 1 year high of $57.80.
About TCW Artificial Intelligence ETF
The TCW Artificial Intelligence ETF (AIFD) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund of global equity securities of companies focusing on and benefiting from artificial intelligence. It primarily selects growth companies and seeks long-term growth of capital. AIFD was launched on May 6, 2024 and is issued by TCW.
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