Roundhill GLP-1 & Weight Loss ETF (NASDAQ:OZEM) Trading Down 3.2% – What’s Next?

Roundhill GLP-1 & Weight Loss ETF (NASDAQ:OZEM)’s share price was down 3.2% during trading on Thursday . The stock traded as low as $26.42 and last traded at $26.51. Approximately 26,165 shares were traded during mid-day trading, an increase of 99% from the average daily volume of 13,148 shares. The stock had previously closed at $27.38.

Roundhill GLP-1 & Weight Loss ETF Trading Down 3.2%

The company has a 50-day simple moving average of $25.66 and a 200 day simple moving average of $24.85. The company has a market cap of $34.99 million and a P/E ratio of 22.34.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. grew its position in shares of Roundhill GLP-1 & Weight Loss ETF by 205.7% during the 2nd quarter. Osaic Holdings Inc. now owns 1,397 shares of the company’s stock worth $35,000 after buying an additional 940 shares in the last quarter. Relyea Zuckerberg Hanson LLC bought a new position in shares of Roundhill GLP-1 & Weight Loss ETF during the 2nd quarter worth $254,000. Lodestar Private Asset Management LLC bought a new position in shares of Roundhill GLP-1 & Weight Loss ETF during the 1st quarter worth $249,000. Flow Traders U.S. LLC grew its position in shares of Roundhill GLP-1 & Weight Loss ETF by 18.2% during the 1st quarter. Flow Traders U.S. LLC now owns 20,785 shares of the company’s stock worth $492,000 after buying an additional 3,194 shares in the last quarter. Finally, Oak Family Advisors LLC bought a new position in shares of Roundhill GLP-1 & Weight Loss ETF during the 2nd quarter worth $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.