Strive U.S. Energy ETF (NYSEARCA:DRLL) Trading Up 0.9% – What’s Next?

Strive U.S. Energy ETF (NYSEARCA:DRLL) shares were up 0.9% during trading on Thursday . The company traded as high as $28.04 and last traded at $27.99. Approximately 39,580 shares changed hands during trading, a decline of 36% from the average daily volume of 61,861 shares. The stock had previously closed at $27.73.

Strive U.S. Energy ETF Stock Performance

The stock has a market capitalization of $270.10 million, a P/E ratio of 15.14 and a beta of 1.64. The stock has a 50 day moving average of $27.44 and a 200 day moving average of $27.62.

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

Several hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. acquired a new stake in Strive U.S. Energy ETF in the 4th quarter worth approximately $30,000. AdvisorNet Financial Inc raised its position in shares of Strive U.S. Energy ETF by 49.4% during the first quarter. AdvisorNet Financial Inc now owns 1,494 shares of the company’s stock worth $44,000 after acquiring an additional 494 shares during the last quarter. Copia Wealth Management bought a new stake in shares of Strive U.S. Energy ETF in the fourth quarter worth about $62,000. OLD Mission Capital LLC boosted its position in shares of Strive U.S. Energy ETF by 151.2% during the fourth quarter. OLD Mission Capital LLC now owns 49,085 shares of the company’s stock worth $1,339,000 after buying an additional 29,542 shares during the period. Finally, Family Legacy Financial Solutions LLC acquired a new position in Strive U.S. Energy ETF during the second quarter valued at approximately $28,000.

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.