Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) Short Interest Down 45.7% in May

Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) was the recipient of a large 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 trading volume of 35,535 shares, the days-to-cover ratio is currently 0.1 days.

Roundhill GOOGL WeeklyPay ETF Price Performance

Shares of GOOW opened at $74.59 on Tuesday. Roundhill GOOGL WeeklyPay ETF has a fifty-two week low of $49.33 and a fifty-two week high of $83.17. The business has a 50 day simple moving average of $70.48.

Hedge Funds Weigh In On Roundhill GOOGL WeeklyPay ETF

A number of large investors have recently bought and sold shares of GOOW. Exchange Traded Concepts LLC increased its stake 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 worth $18,911,000 after purchasing an additional 130,967 shares during the period. Jane Street Group LLC bought a new stake in Roundhill GOOGL WeeklyPay ETF during the 4th quarter valued at $431,000. Finally, Group One Trading LLC bought a new stake in Roundhill GOOGL WeeklyPay ETF during 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.