Roundhill GOOGL WeeklyPay ETF (BATS:GOOW – Get Free Report) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 7,568 shares, a drop of 44.6% from the June 15th total of 13,665 shares. Based on an average daily volume of 26,817 shares, the short-interest ratio is currently 0.3 days.
Roundhill GOOGL WeeklyPay ETF Stock Performance
Shares of BATS GOOW opened at $66.07 on Friday. Roundhill GOOGL WeeklyPay ETF has a one year low of $49.33 and a one year high of $83.17. The business’s 50-day moving average price is $72.27 and its two-hundred day moving average price is $69.62.
Hedge Funds Weigh In On Roundhill GOOGL WeeklyPay ETF
A number of hedge funds have recently added to or reduced their stakes in GOOW. Exchange Traded Concepts LLC grew its position in Roundhill GOOGL WeeklyPay ETF by 96.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 266,992 shares of the company’s stock worth $18,911,000 after acquiring an additional 130,967 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Roundhill GOOGL WeeklyPay ETF in the fourth quarter worth about $431,000. Finally, Group One Trading LLC acquired a new stake in shares of Roundhill GOOGL WeeklyPay ETF in the first quarter worth about $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.
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