Strive U.S. Energy ETF (NYSE:DRLL – Get Free Report) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 4,085 shares, a drop of 40.8% from the August 15th total of 6,901 shares. Based on an average trading volume of 14,976 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.
Strive U.S. Energy ETF Stock Performance
Shares of NYSE:DRLL traded down $0.23 during mid-day trading on Friday, reaching $41.88. 2,066 shares of the company’s stock were exchanged, compared to its average volume of 21,870. The firm has a market capitalization of $335.00 million, a price-to-earnings ratio of 15.14 and a beta of 0.40. The business’s fifty day moving average price is $39.46 and its 200-day moving average price is $37.48. Strive U.S. Energy ETF has a twelve month low of $27.31 and a twelve month high of $43.54.
Institutional Investors Weigh In On Strive U.S. Energy ETF
A hedge fund recently bought a new stake in Strive U.S. Energy ETF stock. Burns J W & Co. Inc. NY acquired a new position in shares of Strive U.S. Energy ETF (NYSE:DRLL – Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,400 shares of the company’s stock, valued at approximately $213,000. Burns J W & Co. Inc. NY owned about 0.07% of Strive U.S. Energy ETF at the end of the most recent reporting period.
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.
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