Short Interest in Roundhill GLP-1 & Weight Loss ETF (NASDAQ:OZEM) Drops By 39.9%

Roundhill GLP-1 & Weight Loss ETF (NASDAQ:OZEM) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 21,335 shares, a drop of 39.9% from the April 15th total of 35,481 shares. Based on an average trading volume of 16,396 shares, the days-to-cover ratio is currently 1.3 days. Currently, 1.3% of the company’s shares are sold short.

Institutional Trading of Roundhill GLP-1 & Weight Loss ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. National Bank of Canada FI lifted its stake in Roundhill GLP-1 & Weight Loss ETF by 6.1% in 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 lifted its stake in Roundhill GLP-1 & Weight Loss ETF by 13.2% in the first 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 period. Kestra Advisory Services LLC purchased a new stake in Roundhill GLP-1 & Weight Loss ETF in the fourth quarter worth $68,000. Finally, Osaic Holdings Inc. lifted 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 acquiring an additional 940 shares during the period.

Roundhill GLP-1 & Weight Loss ETF Stock Performance

OZEM stock traded down $0.69 on Friday, reaching $30.85. The company’s stock had a trading volume of 20,145 shares, compared to its average volume of 26,382. The business has a fifty day simple moving average of $31.37 and a two-hundred day simple moving average of $32.91. Roundhill GLP-1 & Weight Loss ETF has a 12-month low of $23.22 and a 12-month high of $37.15. The firm has a market cap of $51.21 million, a PE 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.