Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) Sees Large Decline in Short Interest

Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 4,162 shares, a decline of 45.7% from the April 30th total of 7,658 shares. Based on an average daily volume of 35,535 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Roundhill GOOGL WeeklyPay ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Group One Trading LLC purchased a new position in Roundhill GOOGL WeeklyPay ETF in the first quarter worth $43,000. Jane Street Group LLC purchased a new stake in shares of Roundhill GOOGL WeeklyPay ETF during the fourth quarter valued at $431,000. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Roundhill GOOGL WeeklyPay ETF by 96.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 266,992 shares of the company’s stock valued at $18,911,000 after buying an additional 130,967 shares during the last quarter.

Roundhill GOOGL WeeklyPay ETF Stock Performance

BATS GOOW opened at $75.55 on Monday. The business has a fifty day moving average price of $70.26. Roundhill GOOGL WeeklyPay ETF has a 12-month low of $49.33 and a 12-month high of $83.17.

Roundhill GOOGL WeeklyPay ETF (BATS: GOOW) is an exchange-traded fund issued by Roundhill Investments that provides investors with targeted exposure to Alphabet Inc (GOOGL), the parent company of Google. The fund is listed on the Cboe BATS exchange under the ticker symbol GOOW and is offered as a single-issuer vehicle designed for investors seeking concentrated exposure to one of the largest U.S. technology companies.

As indicated by its name, the ETF is structured to deliver regular distributions on a weekly schedule, which may appeal to income-oriented investors who want periodic cash flow while maintaining equity exposure to Alphabet.