Roundhill GLP-1 & Weight Loss ETF (NASDAQ:OZEM) Stock Price Down 0.6% – Here’s Why

by · The Markets Daily

Roundhill GLP-1 & Weight Loss ETF (NASDAQ:OZEM – Get Free Report)’s stock price traded down 0.6% during mid-day trading on Wednesday. The stock traded as low as $28.34 and last traded at $28.73. 7,410 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 23,129 shares. The stock had previously closed at $28.89.

Roundhill GLP-1 & Weight Loss ETF Stock Performance

The firm has a fifty day simple moving average of $31.93 and a 200 day simple moving average of $31.75. The company has a market capitalization of $54.70 million, a PE ratio of 22.34 and a beta of 0.47.

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

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

(Get Free Report)

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.

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