Strive U.S. Energy ETF (NYSEARCA:DRLL) Stock Price Up 1.4% – Here’s What Happened

Strive U.S. Energy ETF (NYSEARCA:DRLL)’s stock price shot up 1.4% on Friday . The stock traded as high as $39.93 and last traded at $39.73. Approximately 10,931 shares changed hands during trading, a decline of 53% from the average daily volume of 23,148 shares. The stock had previously closed at $39.19.

Strive U.S. Energy ETF Price Performance

The company has a market cap of $305.92 million, a price-to-earnings ratio of 15.14 and a beta of 0.40. The business’s 50-day simple moving average is $36.17 and its 200-day simple moving average is $36.10.

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

A hedge fund recently raised its stake in Strive U.S. Energy ETF stock. Farther Finance Advisors LLC raised its stake in Strive U.S. Energy ETF (NYSEARCA:DRLL) by 57.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,115 shares of the company’s stock after acquiring an additional 406 shares during the quarter. Farther Finance Advisors LLC’s holdings in Strive U.S. Energy ETF were worth $32,000 at the end of the most recent quarter.

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.