Roundhill GLP-1 & Weight Loss ETF (NASDAQ:OZEM) Stock Breaks Above 50-Day Moving Average – What’s Next?

Roundhill GLP-1 & Weight Loss ETF (NASDAQ:OZEM)’s stock price crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $30.78 and traded as high as $30.95. Roundhill GLP-1 & Weight Loss ETF shares last traded at $30.8750, with a volume of 3,472 shares trading hands.

Roundhill GLP-1 & Weight Loss ETF Stock Up 0.7%

The stock has a market cap of $56.50 million, a P/E ratio of 22.34 and a beta of 0.47. The firm’s fifty day moving average price is $30.78 and its 200-day moving average price is $32.07.

Institutional Investors Weigh In On Roundhill GLP-1 & Weight Loss ETF

An institutional investor recently raised its stake in Roundhill GLP-1 & Weight Loss ETF stock. Envestnet Asset Management Inc. grew its position in shares of Roundhill GLP-1 & Weight Loss ETF (NASDAQ:OZEM) by 27.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,418 shares of the company’s stock after acquiring an additional 5,016 shares during the period. Envestnet Asset Management Inc. owned about 1.25% of Roundhill GLP-1 & Weight Loss ETF worth $762,000 as of its most recent SEC filing.

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.