Roundhill GLP-1 & Weight Loss ETF (NASDAQ:OZEM) Trading Up 1% – Time to Buy?

Roundhill GLP-1 & Weight Loss ETF (NASDAQ:OZEM) shares rose 1% during trading on Thursday . The company traded as high as $33.96 and last traded at $33.87. Approximately 31,543 shares were traded during mid-day trading, an increase of 135% from the average daily volume of 13,427 shares. The stock had previously closed at $33.54.

Roundhill GLP-1 & Weight Loss ETF Price Performance

The stock has a fifty day simple moving average of $31.08 and a 200-day simple moving average of $27.81. The company has a market capitalization of $41.98 million, a price-to-earnings ratio of 22.34 and a beta of 0.54.

Institutional Trading of Roundhill GLP-1 & Weight Loss ETF

A number of hedge funds have recently added to or reduced their stakes in OZEM. Osaic Holdings Inc. increased its holdings 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 valued at $35,000 after buying an additional 940 shares in the last quarter. Relyea Zuckerberg Hanson LLC purchased a new position in shares of Roundhill GLP-1 & Weight Loss ETF in the 2nd quarter valued at about $254,000. Flow Traders U.S. LLC increased its stake in shares of Roundhill GLP-1 & Weight Loss ETF by 18.2% in the 1st quarter. Flow Traders U.S. LLC now owns 20,785 shares of the company’s stock valued at $492,000 after purchasing an additional 3,194 shares in the last quarter. OLD Mission Capital LLC raised its holdings in Roundhill GLP-1 & Weight Loss ETF by 38.5% in the 1st quarter. OLD Mission Capital LLC now owns 53,879 shares of the company’s stock worth $1,275,000 after purchasing an additional 14,981 shares during the period. Finally, Oak Family Advisors LLC purchased a new position in Roundhill GLP-1 & Weight Loss ETF during the second quarter worth approximately $1,310,000.

Roundhill GLP-1 & Weight Loss ETF Company Profile

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.