Roundhill WeeklyPay Universe ETF (BATS:WPAY) Stock Price Down 1.6% – Time to Sell?

Shares of Roundhill WeeklyPay Universe ETF (BATS:WPAY) dropped 1.6% during trading on Friday . The company traded as low as $33.83 and last traded at $34.16. 62,067 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 210,873 shares. The stock had previously closed at $34.71.

Roundhill WeeklyPay Universe ETF Trading Down 1.6%

The stock’s 50-day simple moving average is $34.16 and its 200-day simple moving average is $36.35.

Hedge Funds Weigh In On Roundhill WeeklyPay Universe ETF

A hedge fund recently bought a new position in Roundhill WeeklyPay Universe ETF stock. Ascentis Independent Advisors acquired a new position in Roundhill WeeklyPay Universe ETF (BATS:WPAY) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,246 shares of the company’s stock, valued at approximately $208,000.

Roundhill WeeklyPay Universe ETF (BATS: WPAY) is an exchange-traded fund listed on the Cboe BZX Exchange and issued by Roundhill Investments. As an ETF, WPAY is a pooled investment vehicle that holds a portfolio of securities in accordance with its stated investment objective and the rules set out in its prospectus. The fund structure is intended to provide investors with intraday tradability and the transparency typical of exchange-traded products.

Roundhill Investments is an ETF sponsor and asset manager known for launching thematic and specialty exchange-traded products for U.S.