Strive U.S. Energy ETF (NYSE:DRLL) Stock Price Down 1.2% – Here’s Why

Strive U.S. Energy ETF (NYSE:DRLLGet Free Report) dropped 1.2% on Friday . The stock traded as low as $40.96 and last traded at $41.35. Approximately 6,446 shares were traded during trading, a decline of 71% from the average session 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 firm has a market cap of $318.39 million, a PE ratio of 15.14 and a beta of 0.40.

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

A hedge fund recently raised its position in Strive U.S. Energy ETF stock. Farther Finance Advisors LLC raised its position in shares of Strive U.S. Energy ETF (NYSE:DRLLFree Report) by 57.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,115 shares of the company’s stock after purchasing an additional 406 shares during the quarter. Farther Finance Advisors LLC’s holdings in Strive U.S. Energy ETF were worth $32,000 as of its most recent SEC filing.

About Strive U.S. Energy ETF

(Get Free Report)

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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