Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) Short Interest Up 215.3% in July

Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 14,013 shares, a growth of 215.3% from the July 15th total of 4,444 shares. Based on an average daily volume of 32,312 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds 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 bought a new position in shares of Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 750 shares of the company’s stock, valued at approximately $43,000.

Roundhill GOOGL WeeklyPay ETF Trading Up 0.8%

Shares of GOOW stock traded up $0.47 during trading on Friday, hitting $62.98. The company had a trading volume of 7,544 shares, compared to its average volume of 38,560. The stock’s 50-day moving average price is $66.54 and its 200 day moving average price is $68.27. Roundhill GOOGL WeeklyPay ETF has a one year low of $50.34 and a one 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.