Short Interest in Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) Rises By 133.8%

Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 9,730 shares, a growth of 133.8% from the May 14th total of 4,162 shares. Based on an average daily volume of 39,457 shares, the days-to-cover ratio is presently 0.2 days.

Roundhill GOOGL WeeklyPay ETF Trading Up 0.7%

GOOW stock opened at $69.84 on Friday. The company has a fifty day simple moving average of $72.68. Roundhill GOOGL WeeklyPay ETF has a 12 month low of $49.33 and a 12 month high of $83.17.

Institutional Investors Weigh In On Roundhill GOOGL WeeklyPay ETF

A number of institutional investors have recently made changes to their positions in GOOW. Exchange Traded Concepts LLC lifted its stake in Roundhill GOOGL WeeklyPay ETF by 96.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 266,992 shares of the company’s stock worth $18,911,000 after acquiring an additional 130,967 shares during the last quarter. Jane Street Group LLC purchased a new position in Roundhill GOOGL WeeklyPay ETF during the 4th quarter worth $431,000. Finally, Group One Trading LLC purchased a new position in Roundhill GOOGL WeeklyPay ETF during the 1st quarter worth $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.