Roundhill GLP-1 & Weight Loss ETF (NASDAQ:OZEM) Trading Down 0.4% – Here’s What Happened

Roundhill GLP-1 & Weight Loss ETF (NASDAQ:OZEM)’s stock price fell 0.4% during trading on Tuesday . The company traded as low as $33.64 and last traded at $33.68. Approximately 17,650 shares were traded during mid-day trading, a decline of 31% from the average session volume of 25,480 shares. The stock had previously closed at $33.82.

Roundhill GLP-1 & Weight Loss ETF Stock Down 0.3%

The firm’s 50 day simple moving average is $32.11 and its two-hundred day simple moving average is $32.35. The stock has a market capitalization of $64.60 million, a P/E ratio of 22.34 and a beta of 0.42.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in OZEM. Osaic Holdings Inc. boosted its holdings in Roundhill GLP-1 & Weight Loss ETF by 205.7% in the second quarter. Osaic Holdings Inc. now owns 1,397 shares of the company’s stock worth $35,000 after acquiring an additional 940 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Roundhill GLP-1 & Weight Loss ETF during the fourth quarter valued at approximately $68,000. Jane Street Group LLC raised its position in shares of Roundhill GLP-1 & Weight Loss ETF by 13.2% during the first quarter. Jane Street Group LLC now owns 73,545 shares of the company’s stock worth $1,740,000 after purchasing an additional 8,579 shares during the period. Finally, 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 purchasing 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.