Short Interest in Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) Grows By 215.3%

Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 14,013 shares, a growth of 215.3% from the July 15th total of 4,444 shares. Based on an average daily volume of 32,312 shares, the days-to-cover ratio is currently 0.4 days.

Roundhill GOOGL WeeklyPay ETF Stock Performance

Shares of BATS:GOOW opened at $62.50 on Friday. The stock’s 50-day moving average is $66.34 and its 200 day moving average is $68.23. Roundhill GOOGL WeeklyPay ETF has a 1 year low of $50.34 and a 1 year high of $83.17.

Institutional Trading of Roundhill GOOGL WeeklyPay ETF

A hedge fund recently bought a new stake in Roundhill GOOGL WeeklyPay ETF stock. Group One Trading LLC bought a new stake in Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 750 shares of the company’s stock, valued at approximately $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.