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

Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 7,658 shares, a growth of 296.4% from the April 15th total of 1,932 shares. Based on an average daily volume of 30,723 shares, the days-to-cover ratio is currently 0.2 days.

Roundhill GOOGL WeeklyPay ETF Price Performance

Shares of BATS GOOW traded up $3.71 during trading hours on Wednesday, hitting $82.32. The company’s stock had a trading volume of 33,795 shares, compared to its average volume of 44,410. Roundhill GOOGL WeeklyPay ETF has a 12 month low of $49.33 and a 12 month high of $83.03. The stock has a 50-day moving average price of $66.33.

Institutional Trading of Roundhill GOOGL WeeklyPay ETF

An institutional investor recently raised its position in Roundhill GOOGL WeeklyPay ETF stock. Exchange Traded Concepts LLC increased its holdings in Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) by 96.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 266,992 shares of the company’s stock after purchasing an additional 130,967 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Roundhill GOOGL WeeklyPay ETF were worth $18,911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.