Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) Sees Large Drop in Short Interest

Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) was the recipient of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 4,444 shares, a decline of 41.3% from the June 30th total of 7,568 shares. Based on an average trading volume of 21,007 shares, the short-interest ratio is presently 0.2 days.

Roundhill GOOGL WeeklyPay ETF Trading Up 0.8%

Shares of GOOW stock opened at $61.15 on Thursday. The stock has a 50 day moving average of $68.86 and a two-hundred day moving average of $68.99. Roundhill GOOGL WeeklyPay ETF has a 12 month low of $49.33 and a 12 month high of $83.17.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Roundhill GOOGL WeeklyPay ETF stock. Group One Trading LLC purchased a new position in shares of Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 750 shares of the company’s stock, valued at approximately $43,000.

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.