Short Interest in Roundhill GLP-1 & Weight Loss ETF (NASDAQ:OZEM) Drops By 40.1%

Roundhill GLP-1 & Weight Loss ETF (NASDAQ:OZEM) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 20,268 shares, a drop of 40.1% from the July 30th total of 33,819 shares. Based on an average daily volume of 20,500 shares, the days-to-cover ratio is presently 1.0 days. Currently, 1.1% of the company’s stock are sold short.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Osaic Holdings Inc. lifted its position in shares of Roundhill GLP-1 & Weight Loss ETF by 205.7% during 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 in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of Roundhill GLP-1 & Weight Loss ETF in the fourth quarter valued at $68,000. National Bank of Canada FI grew its holdings in Roundhill GLP-1 & Weight Loss ETF by 6.1% during 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 in the last quarter. Finally, Jane Street Group LLC grew its holdings in Roundhill GLP-1 & Weight Loss ETF by 13.2% during 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 in the last quarter.

Roundhill GLP-1 & Weight Loss ETF Trading Down 1.8%

Shares of OZEM traded down $0.61 during midday trading on Monday, reaching $32.83. 1,444 shares of the company were exchanged, compared to its average volume of 24,588. Roundhill GLP-1 & Weight Loss ETF has a 1-year low of $25.66 and a 1-year high of $37.15. The stock has a 50-day moving average price of $32.89 and a 200-day moving average price of $32.18. The company has a market cap of $63.36 million, a price-to-earnings ratio of 22.34 and a beta of 0.42.

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.