Roundhill GLP-1 & Weight Loss ETF (NASDAQ:OZEM) Short Interest Update

Roundhill GLP-1 & Weight Loss ETF (NASDAQ:OZEM) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 20,268 shares, a decline of 40.1% from the July 30th total of 33,819 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 20,500 shares, the days-to-cover ratio is presently 1.0 days.

Roundhill GLP-1 & Weight Loss ETF Stock Performance

Shares of NASDAQ:OZEM traded up $0.12 during midday trading on Tuesday, reaching $32.99. 7,004 shares of the company’s stock traded hands, compared to its average volume of 24,522. The company has a fifty day simple moving average of $32.93 and a two-hundred day simple moving average of $32.16. Roundhill GLP-1 & Weight Loss ETF has a 1 year low of $25.66 and a 1 year high of $37.15. The company has a market cap of $63.67 million, a P/E ratio of 22.34 and a beta of 0.42.

Hedge Funds Weigh In On Roundhill GLP-1 & Weight Loss ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OZEM. Osaic Holdings Inc. increased its stake in shares of Roundhill GLP-1 & Weight Loss ETF by 205.7% during the second quarter. Osaic Holdings Inc. now owns 1,397 shares of the company’s stock worth $35,000 after purchasing an additional 940 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in Roundhill GLP-1 & Weight Loss ETF in the 4th quarter worth about $68,000. Jane Street Group LLC boosted its holdings in Roundhill GLP-1 & Weight Loss ETF by 13.2% in the 1st quarter. Jane Street Group LLC now owns 73,545 shares of the company’s stock worth $1,740,000 after buying an additional 8,579 shares during the last quarter. Finally, National Bank of Canada FI increased its stake in Roundhill GLP-1 & Weight Loss ETF by 6.1% during the 3rd quarter. National Bank of Canada FI now owns 84,152 shares of the company’s stock worth $2,293,000 after buying an additional 4,808 shares in the last quarter.

About Roundhill GLP-1 & Weight Loss ETF

The Roundhill GLP-1 & Weight Loss ETF (OZEM) is an exchange-traded fund that mostly invests in health care equity. The fund is an actively managed fund that invests in companies from around the world involved in pharmaceutical drugs and supplements used for weight management. OZEM was launched on May 21, 2024 and is issued by Roundhill.