TCW Artificial Intelligence ETF (NASDAQ:AIFD) Sees Large Growth in Short Interest

by · The Markets Daily

TCW Artificial Intelligence ETF (NASDAQ:AIFD – Get Free Report) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 22,558 shares, a growth of 85.9% from the August 31st total of 12,137 shares. Based on an average trading volume of 7,372 shares, the days-to-cover ratio is currently 3.1 days. Approximately 0.9% of the company’s stock are sold short.

Institutional Trading of TCW Artificial Intelligence ETF

Large investors have recently bought and sold shares of the business. GK Wealth Management LLC acquired a new position in TCW Artificial Intelligence ETF during the 2nd quarter worth approximately $437,000. Citadel Advisors LLC boosted its stake in shares of TCW Artificial Intelligence ETF by 42.2% during the 2nd quarter. Citadel Advisors LLC now owns 9,805 shares of the company’s stock worth $544,000 after acquiring an additional 2,909 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake 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 valued at $1,070,000 after purchasing an additional 2,607 shares in the last quarter.

TCW Artificial Intelligence ETF Trading Up 1.1%

Shares of AIFD stock traded up $0.59 on Tuesday, reaching $54.20. 2,259 shares of the stock were exchanged, compared to its average volume of 18,052. 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 $144.17 million, a price-to-earnings ratio of 42.59 and a beta of 1.78. The business’s 50 day moving average price is $51.68 and its 200 day moving average price is $49.35.

About TCW Artificial Intelligence ETF

(Get Free Report)

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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