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

Roundhill GOOGL WeeklyPay ETF (BATS:GOOW) was the target of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 51,428 shares, an increase of 144.5% from the October 15th total of 21,038 shares. Currently, 3.4% of the company’s shares are sold short. Based on an average trading volume of 48,633 shares, the short-interest ratio is presently 1.1 days.

Roundhill GOOGL WeeklyPay ETF Price Performance

Shares of BATS:GOOW opened at $47.99 on Friday. Roundhill GOOGL WeeklyPay ETF has a 1-year low of $44.03 and a 1-year high of $83.17. The business has a 50-day moving average price of $55.75 and a two-hundred day moving average price of $64.61.

Institutional Inflows and Outflows

An institutional investor 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) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 808 shares of the company’s stock, valued at approximately $48,000. Group One Trading LLC owned 0.05% of Roundhill GOOGL WeeklyPay ETF at the end of the most recent reporting period.

Roundhill GOOGL WeeklyPay ETF Company Profile

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.