Short Interest in Roundhill GLP-1 & Weight Loss ETF (NASDAQ:OZEM) Drops By 40.1%

Roundhill GLP-1 & Weight Loss ETF (NASDAQ:OZEM) was the recipient of a large 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. Based on an average daily trading volume, of 20,500 shares, the days-to-cover ratio is presently 1.0 days. Currently, 1.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. National Bank of Canada FI increased its position 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 during the last quarter. Jane Street Group LLC lifted 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 last quarter. Kestra Advisory Services LLC bought a new position in shares of Roundhill GLP-1 & Weight Loss ETF during the fourth quarter worth about $68,000. Finally, Osaic Holdings Inc. grew its stake 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 purchasing an additional 940 shares in the last quarter.

Roundhill GLP-1 & Weight Loss ETF Stock Down 1.8%

Shares of Roundhill GLP-1 & Weight Loss ETF stock traded down $0.61 during trading hours on Monday, hitting $32.83. 1,444 shares of the company’s stock traded hands, compared to its average volume of 24,588. The stock has a 50 day simple moving average of $32.89 and a 200-day simple moving average of $32.18. The company has a market cap of $63.36 million, a PE ratio of 22.34 and a beta of 0.42. Roundhill GLP-1 & Weight Loss ETF has a twelve month low of $25.66 and a twelve month high of $37.15.

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.