Roundhill GLP-1 & Weight Loss ETF (NASDAQ:OZEM) Shares Up 2.1% – Still a Buy?

Roundhill GLP-1 & Weight Loss ETF (NASDAQ:OZEM) shares shot up 2.1% on Tuesday. The stock traded as high as $32.22 and last traded at $32.16. Approximately 10,314 shares changed hands during trading, a decline of 57% from the average session volume of 24,006 shares. The stock had previously closed at $31.49.

Roundhill GLP-1 & Weight Loss ETF Stock Performance

The stock has a market capitalization of $58.53 million, a P/E ratio of 22.34 and a beta of 0.43. The firm’s fifty day simple moving average is $32.68 and its 200 day simple moving average is $31.87.

Institutional Trading of 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. grew its holdings in Roundhill GLP-1 & Weight Loss ETF (NASDAQ:OZEM) by 27.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 23,418 shares of the company’s stock after purchasing an additional 5,016 shares during the period. Envestnet Asset Management Inc. owned approximately 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.