Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) Short Interest Up 266.1% in August

Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 56,754 shares, an increase of 266.1% from the August 15th total of 15,503 shares. Based on an average trading volume of 22,948 shares, the short-interest ratio is presently 2.5 days.

Institutional Trading of Roundhill GOOGL WeeklyPay ETF

An institutional investor recently bought a new stake in Roundhill GOOGL WeeklyPay ETF stock. Group One Trading LLC bought a new stake in Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 750 shares of the company’s stock, valued at approximately $43,000.

Roundhill GOOGL WeeklyPay ETF Price Performance

GOOW opened at $59.29 on Friday. The firm has a 50-day simple moving average of $62.98 and a two-hundred day simple moving average of $66.83. Roundhill GOOGL WeeklyPay ETF has a 52 week low of $54.15 and a 52 week 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.