Strive U.S. Energy ETF (NYSEARCA:DRLL) Stock Price Down 0.8% – Should You Sell?

Shares of Strive U.S. Energy ETF (NYSEARCA:DRLL) were down 0.8% during mid-day trading on Tuesday . The company traded as low as $28.42 and last traded at $28.62. Approximately 19,945 shares changed hands during trading, a decline of 52% from the average daily volume of 41,140 shares. The stock had previously closed at $28.85.

Strive U.S. Energy ETF Trading Up 0.9%

The business has a fifty day simple moving average of $28.64 and a 200 day simple moving average of $28.07. The stock has a market capitalization of $250.39 million, a P/E ratio of 15.14 and a beta of 0.77.

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

Several institutional investors have recently bought and sold shares of the stock. Family Legacy Financial Solutions LLC bought a new position in Strive U.S. Energy ETF during the 2nd quarter valued at $28,000. Jones Financial Companies Lllp raised its holdings in shares of Strive U.S. Energy ETF by 13.9% in the third 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. Heritage Wealth Management Inc. purchased a new position in Strive U.S. Energy ETF during the second quarter worth about $312,000. Finally, Flow Traders U.S. LLC bought a new stake in Strive U.S. Energy ETF in the 2nd quarter worth about $812,000.

About Strive U.S. Energy ETF

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.