Strive U.S. Energy ETF (NYSEARCA:DRLL) Trading Up 0% – Here’s Why

Strive U.S. Energy ETF (NYSEARCA:DRLL)’s share price was up 0% during mid-day trading on Monday . The stock traded as high as $31.10 and last traded at $30.90. Approximately 26,409 shares were traded during mid-day trading, an increase of 12% from the average daily volume of 23,588 shares. The stock had previously closed at $30.89.

Strive U.S. Energy ETF Trading Up 0.0%

The business’s fifty day moving average price is $29.19 and its 200 day moving average price is $28.63. The company has a market capitalization of $255.85 million, a P/E ratio of 15.14 and a beta of 0.77.

Strive U.S. Energy ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Thursday, December 11th were issued a dividend of $0.2052 per share. This represents a $0.82 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, December 11th.

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

Hedge funds have recently modified their holdings of the stock. Flow Traders U.S. LLC acquired a new stake in Strive U.S. Energy ETF in the 2nd quarter valued at $812,000. Heritage Wealth Management Inc. bought a new position in shares of Strive U.S. Energy ETF during the second quarter valued at $312,000. Jones Financial Companies Lllp boosted its stake in shares of Strive U.S. Energy ETF by 13.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 26,960 shares of the company’s stock valued at $806,000 after purchasing an additional 3,299 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Strive U.S. Energy ETF by 57.3% in the 4th quarter. Farther Finance Advisors LLC now owns 1,115 shares of the company’s stock valued at $32,000 after purchasing an additional 406 shares in the last quarter.

Strive U.S. Energy ETF Company Profile

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.