Strive U.S. Energy ETF (NYSEARCA:DRLL) Stock Price Down 0.8% – Time to Sell?

Shares of Strive U.S. Energy ETF (NYSEARCA:DRLL) fell 0.8% on Tuesday . The company traded as low as $28.42 and last traded at $28.62. 19,945 shares traded hands during trading, a decline of 52% from the average session volume of 41,140 shares. The stock had previously closed at $28.85.

Strive U.S. Energy ETF Stock Performance

The business has a fifty day moving average of $28.64 and a two-hundred day moving average of $28.06. The firm has a market capitalization of $248.14 million, a price-to-earnings ratio of 15.14 and a beta of 0.77.

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

Several large investors have recently modified their holdings of the stock. Jones Financial Companies Lllp lifted its stake in shares of Strive U.S. Energy ETF by 13.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 26,960 shares of the company’s stock worth $806,000 after buying an additional 3,299 shares during the last quarter. Heritage Wealth Management Inc. bought a new position in Strive U.S. Energy ETF in the 2nd quarter valued at about $312,000. Flow Traders U.S. LLC bought a new position in Strive U.S. Energy ETF in the 2nd quarter valued at about $812,000. Finally, Family Legacy Financial Solutions LLC acquired a new stake in Strive U.S. Energy ETF during the second quarter worth 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.