Strive U.S. Energy ETF (NYSEARCA:DRLL) Stock Price Up 1% – Time to Buy?

Shares of Strive U.S. Energy ETF (NYSEARCA:DRLL) were up 1% on Thursday . The company traded as high as $34.05 and last traded at $33.76. 11,634 shares were traded during trading, a decline of 54% from the average daily volume of 25,525 shares. The stock had previously closed at $33.44.

Strive U.S. Energy ETF Stock Performance

The stock has a market cap of $262.99 million, a P/E ratio of 15.14 and a beta of 0.43. The firm has a 50-day moving average price of $35.93 and a 200-day moving average price of $34.41.

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

An institutional investor 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 (NYSEARCA:DRLL) by 57.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,115 shares of the company’s stock after buying an additional 406 shares during the quarter. Farther Finance Advisors LLC’s holdings in Strive U.S. Energy ETF were worth $32,000 at the end of the most recent 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.