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

Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 7,658 shares, an increase of 296.4% from the April 15th total of 1,932 shares. Based on an average daily trading volume, of 30,723 shares, the short-interest ratio is currently 0.2 days.

Roundhill GOOGL WeeklyPay ETF Trading Up 4.7%

Shares of GOOW traded up $3.71 during trading hours on Wednesday, hitting $82.32. The company had a trading volume of 33,795 shares, compared to its average volume of 44,410. The company’s 50 day moving average is $66.33. Roundhill GOOGL WeeklyPay ETF has a 52-week low of $49.33 and a 52-week high of $83.03.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Roundhill GOOGL WeeklyPay ETF stock. Jane Street Group LLC acquired a new position in Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 6,080 shares of the company’s stock, valued at approximately $431,000.

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.