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

Roundhill GLP-1 & Weight Loss ETF (NASDAQ:OZEM – Get Free Report) shares 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.

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

The stock has a market capitalization of $56.50 million, a PE ratio of 22.34 and a beta of 0.47. The business’s fifty day moving average is $30.78 and its two-hundred day moving average is $32.07.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Roundhill GLP-1 & Weight Loss ETF stock. Envestnet Asset Management Inc. boosted its position in Roundhill GLP-1 & Weight Loss ETF (NASDAQ:OZEM – Free Report) by 27.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,418 shares of the company’s stock after buying an additional 5,016 shares during the quarter. Envestnet Asset Management Inc. owned approximately 1.25% of Roundhill GLP-1 & Weight Loss ETF worth $762,000 as of its most recent filing with the SEC.

Roundhill GLP-1 & Weight Loss ETF Company Profile

(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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