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

Roundhill GLP-1 & Weight Loss ETF (NASDAQ:OZEM) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 4,009 shares, a decline of 69.9% from the September 30th total of 13,327 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 12,691 shares, the days-to-cover ratio is currently 0.3 days.

Roundhill GLP-1 & Weight Loss ETF Price Performance

NASDAQ OZEM opened at $29.50 on Wednesday. The company’s 50 day simple moving average is $31.32 and its two-hundred day simple moving average is $32.27. Roundhill GLP-1 & Weight Loss ETF has a 1 year low of $27.64 and a 1 year high of $37.15. The stock has a market capitalization of $55.16 million, a PE ratio of 22.34 and a beta of 0.47.

Hedge Funds Weigh In On Roundhill GLP-1 & Weight Loss ETF

A hedge fund recently raised its stake in Roundhill GLP-1 & Weight Loss ETF stock. Envestnet Asset Management Inc. boosted its holdings in shares of Roundhill GLP-1 & Weight Loss ETF (NASDAQ:OZEM) by 27.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,418 shares of the company’s stock after acquiring an additional 5,016 shares during the period. Envestnet Asset Management Inc. owned 1.25% of Roundhill GLP-1 & Weight Loss ETF worth $762,000 at the end of the most recent reporting period.

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.