Short Interest in Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) Expands By 266.1%

Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) was the recipient of a significant 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 days-to-cover ratio is currently 2.5 days.

Institutional Inflows and Outflows

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

Roundhill GOOGL WeeklyPay ETF Stock Performance

GOOW traded up $1.38 during trading on Monday, hitting $60.67. 7,757 shares of the company traded hands, compared to its average volume of 37,140. The stock’s 50-day simple moving average is $62.98 and its two-hundred day simple moving average is $66.83. Roundhill GOOGL WeeklyPay ETF has a 1 year low of $54.15 and a 1 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.