Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) Stock Short Interest Falls 62.1%

Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 21,038 shares, a drop of 62.1% from the September 30th total of 55,535 shares. Based on an average trading volume of 21,283 shares, the short-interest ratio is currently 1.0 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Roundhill GOOGL WeeklyPay ETF stock. Group One Trading LLC acquired a new position in Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 750 shares of the company’s stock, valued at approximately $43,000.

Roundhill GOOGL WeeklyPay ETF Price Performance

Shares of BATS GOOW opened at $53.68 on Thursday. The company’s fifty day moving average is $59.08 and its 200-day moving average is $66.17. Roundhill GOOGL WeeklyPay ETF has a twelve month low of $52.10 and a twelve month 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.