Strive U.S. Energy ETF (NYSEARCA:DRLL) Stock Price Down 0.9% – Here’s What Happened

Shares of Strive U.S. Energy ETF (NYSEARCA:DRLL) traded down 0.9% during trading on Friday . The stock traded as low as $29.89 and last traded at $29.92. 94,078 shares changed hands during mid-day trading, an increase of 72% from the average session volume of 54,765 shares. The stock had previously closed at $30.19.

Strive U.S. Energy ETF Price Performance

The business’s 50-day moving average is $28.71 and its 200 day moving average is $29.39. The firm has a market capitalization of $337.50 million, a P/E ratio of 8.39 and a beta of 0.47.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Pathway Financial Advisers LLC bought a new stake in shares of Strive U.S. Energy ETF in the first quarter valued at approximately $49,000. Captrust Financial Advisors raised its holdings in Strive U.S. Energy ETF by 6.8% in the 3rd quarter. Captrust Financial Advisors now owns 25,670 shares of the company’s stock valued at $721,000 after acquiring an additional 1,637 shares in the last quarter. Finally, Heritage Wealth Management Inc. acquired a new position in Strive U.S. Energy ETF in the 2nd quarter valued at $747,000.

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.