Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) Short Interest Down 41.3% in July

Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 4,444 shares, a drop of 41.3% from the June 30th total of 7,568 shares. Based on an average daily trading volume, of 21,007 shares, the days-to-cover ratio is presently 0.2 days.

Roundhill GOOGL WeeklyPay ETF Trading Up 0.8%

Shares of GOOW opened at $61.15 on Thursday. Roundhill GOOGL WeeklyPay ETF has a one year low of $49.33 and a one year high of $83.17. The company’s fifty day moving average price is $68.86 and its 200 day moving average price is $68.99.

Institutional Investors Weigh In On Roundhill GOOGL WeeklyPay ETF

A hedge fund recently bought a new position in Roundhill GOOGL WeeklyPay ETF stock. Group One Trading LLC acquired a new position in Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 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.