Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) Short Interest Up 133.8% in May

Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) was the target of a significant growth in short interest during the month of 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 trading volume of 39,457 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Roundhill GOOGL WeeklyPay ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Group One Trading LLC bought a new position in shares of Roundhill GOOGL WeeklyPay ETF during the 1st quarter worth about $43,000. Jane Street Group LLC bought a new position in shares of Roundhill GOOGL WeeklyPay ETF during the 4th quarter worth about $431,000. Finally, Exchange Traded Concepts LLC boosted its position in shares of Roundhill GOOGL WeeklyPay ETF by 96.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 266,992 shares of the company’s stock worth $18,911,000 after purchasing an additional 130,967 shares in the last quarter.

Roundhill GOOGL WeeklyPay ETF Stock Performance

Shares of BATS GOOW opened at $69.84 on Monday. The firm’s 50-day moving average is $72.68. Roundhill GOOGL WeeklyPay ETF has a 1-year low of $49.33 and a 1-year high of $83.17.

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.