Short Interest in Roundhill GLP-1 & Weight Loss ETF (NASDAQ:OZEM) Decreases By 55.8%

Roundhill GLP-1 & Weight Loss ETF (NASDAQ:OZEM) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 9,432 shares, a decline of 55.8% from the April 30th total of 21,335 shares. Based on an average daily volume of 17,504 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.6% of the company’s stock are short sold.

Institutional Trading of Roundhill GLP-1 & Weight Loss ETF

Institutional investors and hedge funds have recently modified their holdings of the business. National Bank of Canada FI lifted its holdings in Roundhill GLP-1 & Weight Loss ETF by 6.1% during the third 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 period. Jane Street Group LLC grew its stake 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 valued at $1,740,000 after purchasing an additional 8,579 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of Roundhill GLP-1 & Weight Loss ETF during the 4th quarter valued at $68,000. Finally, Osaic Holdings Inc. increased its position in shares of Roundhill GLP-1 & Weight Loss ETF by 205.7% during the 2nd quarter. Osaic Holdings Inc. now owns 1,397 shares of the company’s stock valued at $35,000 after purchasing an additional 940 shares during the last quarter.

Roundhill GLP-1 & Weight Loss ETF Stock Performance

NASDAQ:OZEM traded up $0.21 on Friday, hitting $31.76. The stock had a trading volume of 14,710 shares, compared to its average volume of 25,924. Roundhill GLP-1 & Weight Loss ETF has a 1 year low of $23.22 and a 1 year high of $37.15. The firm’s fifty day simple moving average is $31.22 and its two-hundred day simple moving average is $33.07. The stock has a market cap of $52.72 million, a P/E ratio of 22.34 and a beta of 0.43.

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.