Strive U.S. Energy ETF (NYSE:DRLL) Sees Significant Drop in Short Interest

Strive U.S. Energy ETF (NYSE:DRLL) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 4,085 shares, a decline of 40.8% from the August 15th total of 6,901 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 14,976 shares, the days-to-cover ratio is currently 0.3 days.

Strive U.S. Energy ETF Price Performance

Shares of NYSE:DRLL traded up $0.28 during midday trading on Thursday, reaching $42.09. The company’s stock had a trading volume of 14,703 shares, compared to its average volume of 21,987. The business’s fifty day simple moving average is $39.31 and its 200-day simple moving average is $37.43. Strive U.S. Energy ETF has a fifty-two week low of $27.31 and a fifty-two week high of $43.54. The company has a market capitalization of $336.64 million, a P/E ratio of 15.14 and a beta of 0.40.

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

An institutional investor recently bought a new stake in Strive U.S. Energy ETF stock. Burns J W & Co. Inc. NY purchased a new stake in shares of Strive U.S. Energy ETF (NYSE:DRLL) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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.

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.