Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) Short Interest Update

Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 7,568 shares, a drop of 44.6% from the June 15th total of 13,665 shares. Based on an average trading volume of 26,817 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On Roundhill GOOGL WeeklyPay ETF

A number of hedge funds have recently bought and sold shares of GOOW. Group One Trading LLC acquired a new position in shares of Roundhill GOOGL WeeklyPay ETF during the first quarter worth about $43,000. Jane Street Group LLC purchased a new stake in shares of Roundhill GOOGL WeeklyPay ETF during the fourth quarter worth approximately $431,000. Finally, Exchange Traded Concepts LLC increased its stake 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 worth $18,911,000 after buying an additional 130,967 shares during the period.

Roundhill GOOGL WeeklyPay ETF Trading Up 3.7%

BATS:GOOW opened at $69.85 on Thursday. Roundhill GOOGL WeeklyPay ETF has a 12-month low of $49.33 and a 12-month high of $83.17. The stock has a fifty day moving average price of $72.59 and a 200 day moving average price of $69.66.

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.