Roundhill WeeklyPay Universe ETF (BATS:WPAY) Shares Down 1.6% – Here’s Why

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

Roundhill WeeklyPay Universe ETF Price Performance

The company’s 50-day moving average is $34.16 and its 200 day moving average is $34.33.

Institutional Investors Weigh In On Roundhill WeeklyPay Universe ETF

An institutional investor recently bought a new stake in Roundhill WeeklyPay Universe ETF stock. Ascentis Independent Advisors bought a new stake in shares of Roundhill WeeklyPay Universe ETF (BATS:WPAY) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 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.