Strive U.S. Energy ETF (NYSEARCA:DRLL) Shares Up 0.3% – Time to Buy?

Shares of Strive U.S. Energy ETF (NYSEARCA:DRLL) were up 0.3% during trading on Thursday . The company traded as high as $39.07 and last traded at $38.38. 16,423 shares changed hands during trading, a decline of 33% from the average daily volume of 24,458 shares. The stock had previously closed at $38.27.

Strive U.S. Energy ETF Stock Performance

The stock has a market capitalization of $297.21 million, a PE ratio of 15.14 and a beta of 0.43. The stock’s 50-day moving average price is $35.81 and its two-hundred day moving average price is $35.24.

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

An institutional investor recently raised its stake in Strive U.S. Energy ETF stock. Farther Finance Advisors LLC increased its position in Strive U.S. Energy ETF (NYSEARCA:DRLL) by 57.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,115 shares of the company’s stock after buying an additional 406 shares during the period. Farther Finance Advisors LLC’s holdings in Strive U.S. Energy ETF were worth $32,000 at the end of the most recent 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.