TCW Artificial Intelligence ETF (NASDAQ:AIFD – Get Free Report) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 7,208 shares, a decrease of 68.0% from the September 15th total of 22,558 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 9,716 shares, the days-to-cover ratio is currently 0.7 days.
TCW Artificial Intelligence ETF Stock Down 0.8%
NASDAQ AIFD opened at $53.77 on Wednesday. The stock’s 50-day simple moving average is $52.88 and its two-hundred day simple moving average is $50.53. TCW Artificial Intelligence ETF has a twelve month low of $33.69 and a twelve month high of $57.80. The company has a market capitalization of $143.03 million, a price-to-earnings ratio of 42.59 and a beta of 1.75.
Hedge Funds Weigh In On TCW Artificial Intelligence ETF
Large investors have recently modified their holdings of the company. Envestnet Asset Management Inc. raised its position in TCW Artificial Intelligence ETF by 15.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 19,300 shares of the company’s stock worth $1,070,000 after purchasing an additional 2,607 shares during the period. Citadel Advisors LLC lifted its stake in TCW Artificial Intelligence ETF by 42.2% in the second quarter. Citadel Advisors LLC now owns 9,805 shares of the company’s stock worth $544,000 after purchasing an additional 2,909 shares during the last quarter. Finally, GK Wealth Management LLC bought a new stake in TCW Artificial Intelligence ETF in the second quarter worth $437,000.
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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