Roundhill GLP-1 & Weight Loss ETF (NASDAQ:OZEM) Sees Significant Drop in Short Interest

Roundhill GLP-1 & Weight Loss ETF (NASDAQ:OZEM) saw a large decrease in short interest in February. As of February 13th, there was short interest totaling 32,478 shares, a decrease of 26.9% from the January 29th total of 44,401 shares. Approximately 1.9% of the shares of the stock are sold short. Based on an average daily volume of 35,662 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 35,662 shares, the days-to-cover ratio is currently 0.9 days. Approximately 1.9% of the shares of the stock are sold short.

Roundhill GLP-1 & Weight Loss ETF Price Performance

OZEM traded down $0.50 on Monday, hitting $33.39. 19,795 shares of the stock were exchanged, compared to its average volume of 32,630. The firm has a market capitalization of $55.76 million, a price-to-earnings ratio of 22.34 and a beta of 0.54. Roundhill GLP-1 & Weight Loss ETF has a 12 month low of $20.01 and a 12 month high of $37.15. The business has a 50-day moving average of $35.29 and a two-hundred day moving average of $31.32.

Roundhill GLP-1 & Weight Loss ETF Announces Dividend

The company also recently declared an annual dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were issued a dividend of $0.4099 per share. This represents a dividend yield of 119.0%. The ex-dividend date of this dividend was Tuesday, December 30th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Oak Family Advisors LLC lifted its stake in Roundhill GLP-1 & Weight Loss ETF by 55.3% during the third quarter. Oak Family Advisors LLC now owns 80,664 shares of the company’s stock worth $2,204,000 after purchasing an additional 28,735 shares during the last quarter. National Bank of Canada FI increased its stake 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 valued at $2,293,000 after purchasing an additional 4,808 shares during the last quarter. Jane Street Group LLC increased its stake in shares of 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 last quarter. Kestra Advisory Services LLC acquired a new position in shares of Roundhill GLP-1 & Weight Loss ETF during the 4th quarter worth $68,000. Finally, Osaic Holdings Inc. lifted 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 worth $35,000 after buying an additional 940 shares during 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.