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

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

Institutional Trading of TCW Transform Systems ETF

A number of hedge funds have recently made changes to their positions in PWRD. Raymond James Financial Inc. acquired a new position in shares of TCW Transform Systems ETF during the second quarter worth $2,229,000. Orion Porfolio Solutions LLC purchased a new position in shares of TCW Transform Systems ETF in the second quarter valued at $6,631,000. Geneos Wealth Management Inc. acquired a new stake in TCW Transform Systems ETF during the 2nd quarter valued at $276,000. Osaic Holdings Inc. acquired a new stake in TCW Transform Systems ETF during the 2nd quarter valued at $112,000. Finally, SFG Wealth Management LLC. purchased a new stake in TCW Transform Systems ETF during the 3rd quarter worth $2,154,000. Hedge funds and other institutional investors own 52.75% of the company’s stock.

TCW Transform Systems ETF Stock Performance

Shares of NASDAQ:PWRD opened at $110.19 on Friday. The company has a market cap of $1.44 billion, a P/E ratio of 54.01 and a beta of 1.18. TCW Transform Systems ETF has a one year low of $88.80 and a one year high of $123.23. The business’s 50-day simple moving average is $114.23 and its 200 day simple moving average is $107.06.

TCW Transform Systems ETF Announces Dividend

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