TCW Transform 500 ETF (NASDAQ:VOTE) Stock Short Interest Jumps 176.4%

TCW Transform 500 ETF (NASDAQ:VOTE) was the target of a significant increase in short interest in October. As of October 30th, there was short interest totaling 12,610 shares, an increase of 176.4% from the October 15th total of 4,563 shares. Based on an average daily volume of 22,347 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On TCW Transform 500 ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Aspiriant LLC purchased a new stake in TCW Transform 500 ETF during the third quarter valued at about $17,380,000. Bank of America Corp DE raised its holdings in shares of TCW Transform 500 ETF by 5.2% during the first quarter. Bank of America Corp DE now owns 185,779 shares of the company’s stock worth $14,175,000 after acquiring an additional 9,215 shares in the last quarter. Gateway Wealth Partners LLC lifted its holdings in shares of TCW Transform 500 ETF by 104.6% during the 1st quarter. Gateway Wealth Partners LLC now owns 100,168 shares of the company’s stock valued at $7,643,000 after buying an additional 51,206 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in TCW Transform 500 ETF by 8.1% in the first quarter. PNC Financial Services Group Inc. now owns 1,180,277 shares of the company’s stock valued at $90,055,000 after acquiring an additional 88,256 shares during the last quarter. Finally, St. Louis Trust Co bought a new stake in TCW Transform 500 ETF in the third quarter worth $1,903,000.

TCW Transform 500 ETF Price Performance

Shares of NASDAQ:VOTE opened at $89.18 on Friday. The stock’s 50 day moving average price is $90.17 and its 200 day moving average price is $89.00. TCW Transform 500 ETF has a 12 month low of $73.89 and a 12 month high of $92.19. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 23.58 and a beta of 1.01.

TCW Transform 500 ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Tuesday, September 22nd were paid a $0.2273 dividend. The ex-dividend date of this dividend was Tuesday, September 22nd. This represents a $0.91 annualized dividend and a dividend yield of 1.0%. This is an increase from TCW Transform 500 ETF’s previous quarterly dividend of $0.2242.

About TCW Transform 500 ETF

The Engine No. 1 Transform 500 ETF (VOTE) is an exchange-traded fund that is based on the Morningstar US Large Cap Select index. The ETF currently has 410.2m in AUM and 505 holdings. VOTE tracks a market-cap-weighted index consisting of large-cap US stocks VOTE was launched on Jun 22, 2021 and is managed by Engine No. 1.