Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) Short Interest Down 45.7% in May

Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 4,162 shares, a decrease of 45.7% from the April 30th total of 7,658 shares. Based on an average trading volume of 35,535 shares, the days-to-cover ratio is presently 0.1 days.

Roundhill GOOGL WeeklyPay ETF Trading Down 5.0%

Shares of GOOW stock opened at $70.83 on Wednesday. Roundhill GOOGL WeeklyPay ETF has a one year low of $49.33 and a one year high of $83.17. The stock’s 50-day moving average is $70.48.

Hedge Funds Weigh In On Roundhill GOOGL WeeklyPay ETF

Several large investors have recently modified their holdings of GOOW. Group One Trading LLC bought a new position in shares of Roundhill GOOGL WeeklyPay ETF during the first quarter worth about $43,000. Jane Street Group LLC bought a new position in shares of Roundhill GOOGL WeeklyPay ETF during the fourth quarter worth about $431,000. Finally, Exchange Traded Concepts LLC lifted its position in shares of Roundhill GOOGL WeeklyPay ETF by 96.3% during the fourth 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 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.