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

Strive U.S. Energy ETF (NYSEARCA:DRLL) shares rose 0.8% on Monday . The company traded as high as $38.49 and last traded at $38.49. Approximately 31,603 shares changed hands during mid-day trading, an increase of 7% from the average daily volume of 29,642 shares. The stock had previously closed at $38.20.

Strive U.S. Energy ETF Trading Up 0.8%

The stock has a fifty day simple moving average of $35.73 and a two-hundred day simple moving average of $31.32. The company has a market cap of $312.92 million, a PE ratio of 15.14 and a beta of 0.77.

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

Institutional investors have recently added to or reduced their stakes in the business. Flow Traders U.S. LLC acquired a new stake in shares of Strive U.S. Energy ETF during the 2nd quarter valued at approximately $812,000. Farther Finance Advisors LLC lifted its position in shares of Strive U.S. Energy ETF by 57.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,115 shares of the company’s stock valued at $32,000 after acquiring an additional 406 shares during the period. Jones Financial Companies Lllp lifted its position 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 valued at $806,000 after acquiring an additional 3,299 shares during the period. Finally, Heritage Wealth Management Inc. acquired a new stake in shares of Strive U.S. Energy ETF during the 2nd quarter valued at approximately $312,000.

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. DRLL was launched on Aug 9, 2022 and is managed by Strive.