Strive U.S. Energy ETF (NYSEARCA:DRLL) Trading Down 2.6% – Here’s Why

Strive U.S. Energy ETF (NYSEARCA:DRLL) dropped 2.6% on Wednesday . The company traded as low as $37.66 and last traded at $37.75. Approximately 12,543 shares were traded during trading, a decline of 56% from the average daily volume of 28,401 shares. The stock had previously closed at $38.77.

Strive U.S. Energy ETF Trading Up 0.5%

The company has a market capitalization of $297.39 million, a PE ratio of 15.14 and a beta of 0.45. The company has a fifty day simple moving average of $37.31 and a 200-day simple moving average of $33.09.

Institutional Investors Weigh In On Strive U.S. Energy ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC grew its position in Strive U.S. Energy ETF by 57.3% in the fourth quarter. Farther Finance Advisors LLC now owns 1,115 shares of the company’s stock worth $32,000 after acquiring an additional 406 shares during the period. Burns J W & Co. Inc. NY acquired a new position in shares of Strive U.S. Energy ETF in the 1st quarter valued at $213,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of Strive U.S. Energy ETF by 13.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 26,960 shares of the company’s stock valued at $806,000 after purchasing an additional 3,299 shares during the last quarter.

Strive U.S. Energy ETF Company Profile

The Strive U.S. Energy ETF (DRLL) is an exchange-traded fund that mostly invests in energy equity. The fund tracks a market cap-weighted index of US-listed stocks from the broad energy sector. The fund aims to influence companies to prioritize returns through shareholder engagement and proxy voting, without regard to ESG agendas. DRLL was launched on Aug 9, 2022 and is managed by Strive.