Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) Short Interest Update

Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 7,568 shares, a decline of 44.6% from the June 15th total of 13,665 shares. Based on an average daily volume of 26,817 shares, the short-interest ratio is currently 0.3 days.

Roundhill GOOGL WeeklyPay ETF Stock Down 2.3%

BATS:GOOW opened at $64.52 on Friday. The company has a 50 day simple moving average of $71.90 and a two-hundred day simple moving average of $69.58. Roundhill GOOGL WeeklyPay ETF has a 12 month low of $49.33 and a 12 month high of $83.17.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GOOW. Group One Trading LLC bought a new stake in shares of Roundhill GOOGL WeeklyPay ETF during the 1st quarter valued at about $43,000. Jane Street Group LLC purchased a new position in shares of Roundhill GOOGL WeeklyPay ETF in the fourth quarter worth approximately $431,000. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Roundhill GOOGL WeeklyPay ETF by 96.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 266,992 shares of the company’s stock worth $18,911,000 after buying an additional 130,967 shares during the last quarter.

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.