Roundhill GLP-1 & Weight Loss ETF (NASDAQ:OZEM) Sees Significant Drop in Short Interest

Roundhill GLP-1 & Weight Loss ETF (NASDAQ:OZEM) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totaling 7,964 shares, a drop of 64.6% from the March 15th total of 22,477 shares. Based on an average daily volume of 27,311 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.5% of the shares of the stock are sold short.

Institutional Investors Weigh In On Roundhill GLP-1 & Weight Loss ETF

Several institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. lifted its holdings in shares of Roundhill GLP-1 & Weight Loss ETF by 205.7% in the 2nd quarter. Osaic Holdings Inc. now owns 1,397 shares of the company’s stock worth $35,000 after acquiring an additional 940 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Roundhill GLP-1 & Weight Loss ETF in the 4th quarter worth about $68,000. National Bank of Canada FI lifted its holdings in shares of Roundhill GLP-1 & Weight Loss ETF by 6.1% in the 3rd quarter. National Bank of Canada FI now owns 84,152 shares of the company’s stock worth $2,293,000 after acquiring an additional 4,808 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of 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 acquiring an additional 8,579 shares during the last quarter. Finally, Oak Family Advisors LLC lifted its holdings in shares of Roundhill GLP-1 & Weight Loss ETF by 55.3% in the 3rd quarter. Oak Family Advisors LLC now owns 80,664 shares of the company’s stock worth $2,204,000 after acquiring an additional 28,735 shares during the last quarter.

Roundhill GLP-1 & Weight Loss ETF Stock Performance

OZEM stock traded up $0.19 during trading on Monday, hitting $31.62. 8,889 shares of the company’s stock traded hands, compared to its average volume of 29,687. Roundhill GLP-1 & Weight Loss ETF has a 52 week low of $21.80 and a 52 week high of $37.15. The business has a fifty day simple moving average of $32.84 and a 200 day simple moving average of $32.40. The stock has a market capitalization of $52.49 million, a price-to-earnings ratio of 22.34 and a beta of 0.69.

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.