Strive U.S. Energy ETF (NYSEARCA:DRLL) Trading Down 0.8% – Here’s Why

Shares of Strive U.S. Energy ETF (NYSEARCA:DRLL) dropped 0.8% during mid-day trading on Wednesday . The company traded as low as $28.38 and last traded at $28.57. Approximately 39,789 shares were traded during trading, a decline of 25% from the average daily volume of 53,253 shares. The stock had previously closed at $28.79.

Strive U.S. Energy ETF Stock Performance

The company has a market capitalization of $322.72 million, a price-to-earnings ratio of 8.39 and a beta of 0.47. The company has a 50 day moving average price of $28.65 and a 200 day moving average price of $29.71.

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

An institutional investor recently bought a new position in Strive U.S. Energy ETF stock. Heritage Wealth Management Inc. acquired a new position in shares of Strive U.S. Energy ETF (NYSEARCA:DRLL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,300 shares of the company’s stock, valued at approximately $747,000. Heritage Wealth Management Inc. owned about 0.22% of Strive U.S. Energy ETF at the end of the most recent 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.