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

TCW Transform 500 ETF (NASDAQ:VOTE) was the recipient of a significant increase in short interest in the month of 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. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 22,347 shares, the short-interest ratio is presently 0.6 days.

TCW Transform 500 ETF Stock Performance

VOTE opened at $89.18 on Friday. The firm’s 50-day simple moving average is $90.17 and its 200-day simple moving average is $89.00. TCW Transform 500 ETF has a twelve month low of $73.89 and a twelve month high of $92.19. The firm 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Tuesday, September 22nd were issued a dividend of $0.2273 per share. The ex-dividend date of this dividend was Tuesday, September 22nd. This represents a $0.91 dividend on an annualized basis and a yield of 1.0%. This is an increase from TCW Transform 500 ETF’s previous quarterly dividend of $0.2242.

Institutional Investors Weigh In On TCW Transform 500 ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its stake in shares of TCW Transform 500 ETF by 14.4% in the third quarter. Farther Finance Advisors LLC now owns 1,349 shares of the company’s stock worth $121,000 after acquiring an additional 170 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of TCW Transform 500 ETF during the second quarter worth approximately $128,000. AlTi Global Inc. acquired a new position in shares of TCW Transform 500 ETF during the third quarter worth approximately $201,000. Ledyard National Bank bought a new stake in shares of TCW Transform 500 ETF during the third quarter valued at approximately $231,000. Finally, Royal Bank of Canada grew its stake in shares of TCW Transform 500 ETF by 433.1% during the first quarter. Royal Bank of Canada now owns 3,732 shares of the company’s stock valued at $284,000 after purchasing an additional 3,032 shares during the last quarter.

TCW Transform 500 ETF Company Profile

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.