Roundhill GLP-1 & Weight Loss ETF (NASDAQ:OZEM) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

Roundhill GLP-1 & Weight Loss ETF (NASDAQ:OZEM) crossed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $30.78 and traded as high as $30.95. Roundhill GLP-1 & Weight Loss ETF shares last traded at $30.8750, with a volume of 3,472 shares traded.

Roundhill GLP-1 & Weight Loss ETF Trading Up 0.7%

The stock’s fifty day moving average is $30.78 and its two-hundred day moving average is $32.07. The firm has a market cap of $56.50 million, a P/E ratio of 22.34 and a beta of 0.47.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Roundhill GLP-1 & Weight Loss ETF stock. Envestnet Asset Management Inc. lifted its position in Roundhill GLP-1 & Weight Loss ETF (NASDAQ:OZEM) by 27.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,418 shares of the company’s stock after buying an additional 5,016 shares during the quarter. Envestnet Asset Management Inc. owned about 1.25% of Roundhill GLP-1 & Weight Loss ETF worth $762,000 as of its most recent filing with the Securities and Exchange Commission.

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.