TCW Transform Systems ETF (NASDAQ:PWRD) Short Interest Up 84.5% in June

TCW Transform Systems ETF (NASDAQ:PWRD) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 58,564 shares, an increase of 84.5% from the June 15th total of 31,734 shares. Based on an average daily volume of 107,921 shares, the short-interest ratio is presently 0.5 days. Approximately 0.5% of the shares of the company are sold short.

Institutional Trading of TCW Transform Systems ETF

Several institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of TCW Transform Systems ETF during the 2nd quarter valued at $2,229,000. Orion Porfolio Solutions LLC acquired a new position in shares of TCW Transform Systems ETF in the 2nd quarter worth $6,631,000. Geneos Wealth Management Inc. acquired a new stake in shares of TCW Transform Systems ETF during the second quarter worth $276,000. Osaic Holdings Inc. acquired a new stake in shares of TCW Transform Systems ETF during the second quarter worth $112,000. Finally, SFG Wealth Management LLC. acquired a new stake in shares of TCW Transform Systems ETF during the third quarter worth $2,154,000. Institutional investors and hedge funds own 52.75% of the company’s stock.

TCW Transform Systems ETF Price Performance

Shares of PWRD opened at $109.85 on Friday. TCW Transform Systems ETF has a 12 month low of $88.80 and a 12 month high of $123.23. The stock has a fifty day moving average price of $114.19 and a 200 day moving average price of $107.08. The company has a market cap of $1.44 billion, a P/E ratio of 53.85 and a beta of 1.18.

TCW Transform Systems ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Tuesday, June 23rd were given a $0.0607 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Tuesday, June 23rd. TCW Transform Systems ETF’s dividend payout ratio is 2.94%.

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.