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

Roundhill GLP-1 & Weight Loss ETF (NASDAQ:OZEM) was the recipient of a significant drop in short interest during 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 daily volume of 16,396 shares, the short-interest ratio is currently 1.3 days. Approximately 1.3% of the company’s shares are short sold.

Roundhill GLP-1 & Weight Loss ETF Stock Down 2.2%

Shares of Roundhill GLP-1 & Weight Loss ETF stock traded down $0.69 on Friday, hitting $30.85. The stock had a trading volume of 20,145 shares, compared to its average volume of 26,382. Roundhill GLP-1 & Weight Loss ETF has a one year low of $23.22 and a one year high of $37.15. The stock has a market cap of $51.21 million, a price-to-earnings ratio of 22.34 and a beta of 0.43. The stock’s 50-day simple moving average is $31.37 and its two-hundred day simple moving average is $32.91.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. National Bank of Canada FI grew its holdings in shares of 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 purchasing an additional 4,808 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of 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 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 in the fourth quarter worth approximately $68,000. Finally, Osaic Holdings Inc. grew its holdings in shares of 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 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.