Strive U.S. Energy ETF (NYSE:DRLL) Shares Down 1.2% – What’s Next?

Strive U.S. Energy ETF (NYSE:DRLL) fell 1.2% during mid-day trading on Friday . The company traded as low as $40.96 and last traded at $41.35. 6,446 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 22,328 shares. The stock had previously closed at $41.86.

Strive U.S. Energy ETF Price Performance

The business has a 50 day simple moving average of $37.99 and a 200 day simple moving average of $36.96. The company has a market capitalization of $318.39 million, a price-to-earnings ratio of 15.14 and a beta of 0.40.

Hedge Funds Weigh In On Strive U.S. Energy ETF

A hedge fund recently raised its stake in Strive U.S. Energy ETF stock. Farther Finance Advisors LLC grew its holdings in shares of Strive U.S. Energy ETF (NYSE:DRLL) by 57.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,115 shares of the company’s stock after purchasing an additional 406 shares during the period. Farther Finance Advisors LLC’s holdings in Strive U.S. Energy ETF were worth $32,000 as of its most recent SEC filing.

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.