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

Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 9,730 shares, a growth of 133.8% from the May 14th total of 4,162 shares. Based on an average daily volume of 39,457 shares, the days-to-cover ratio is currently 0.2 days.

Roundhill GOOGL WeeklyPay ETF Price Performance

Shares of GOOW opened at $69.84 on Friday. Roundhill GOOGL WeeklyPay ETF has a one year low of $49.33 and a one year high of $83.17. The stock’s 50 day moving average price is $72.68.

Institutional Trading of Roundhill GOOGL WeeklyPay ETF

Several large investors have recently made changes to their positions in GOOW. Exchange Traded Concepts LLC grew its holdings in Roundhill GOOGL WeeklyPay ETF by 96.3% in the 4th 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 in the last quarter. Jane Street Group LLC purchased a new stake in Roundhill GOOGL WeeklyPay ETF in the 4th quarter valued at $431,000. Finally, Group One Trading LLC purchased a new stake in Roundhill GOOGL WeeklyPay ETF in the 1st quarter valued at $43,000.

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.