Strive U.S. Semiconductor ETF (NYSEARCA:SHOC) Trading 7.9% Higher – Time to Buy?

Strive U.S. Semiconductor ETF (NYSEARCA:SHOC) rose 7.9% on Thursday . The company traded as high as $101.28 and last traded at $100.56. Approximately 9,453 shares were traded during trading, a decline of 52% from the average daily volume of 19,539 shares. The stock had previously closed at $93.19.

Strive U.S. Semiconductor ETF Stock Up 0.2%

The stock has a market cap of $225.61 million, a PE ratio of 41.80 and a beta of 1.91. The business has a 50 day moving average price of $111.20 and a 200 day moving average price of $92.27.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SHOC. Jane Street Group LLC purchased a new stake in Strive U.S. Semiconductor ETF in the 2nd quarter worth approximately $222,000. Orion Porfolio Solutions LLC grew its stake in Strive U.S. Semiconductor ETF by 95.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 16,662 shares of the company’s stock valued at $885,000 after acquiring an additional 8,149 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Strive U.S. Semiconductor ETF in the third quarter valued at approximately $137,000. Susquehanna International Group LLP purchased a new position in shares of Strive U.S. Semiconductor ETF during the 3rd quarter worth $269,000. Finally, CIBC Private Wealth Group LLC grew its stake in shares of Strive U.S. Semiconductor ETF by 9,465.2% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,200 shares of the company’s stock valued at $137,000 after buying an additional 2,177 shares during the period.

About Strive U.S. Semiconductor ETF

The Strive U.S. Semiconductor ETF (SHOC) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks a market cap-weighted index of the 30 largest semiconductor companies in the US equity market. SHOC was launched on Oct 6, 2022 and is managed by Strive.