Strive U.S. Energy ETF (NYSEARCA:DRLL) Trading Down 2.6% – Time to Sell?

Shares of Strive U.S. Energy ETF (NYSEARCA:DRLL) dropped 2.6% during mid-day trading on Wednesday . The company traded as low as $37.66 and last traded at $37.75. Approximately 12,543 shares changed hands 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 Stock Performance

The business has a 50 day moving average price of $37.27 and a two-hundred day moving average price of $33.03. The stock has a market cap of $300.49 million, a PE ratio of 15.14 and a beta of 0.45.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Jones Financial Companies Lllp boosted 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 worth $806,000 after buying an additional 3,299 shares during the last quarter. Burns J W & Co. Inc. NY purchased a new position in shares of Strive U.S. Energy ETF in the 1st quarter worth approximately $213,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of Strive U.S. Energy ETF by 57.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,115 shares of the company’s stock worth $32,000 after buying an additional 406 shares during the last quarter.

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. DRLL was launched on Aug 9, 2022 and is managed by Strive.