Strive U.S. Energy ETF (NYSEARCA:DRLL) Stock Price Down 0.9% – Here’s Why

Strive U.S. Energy ETF (NYSEARCA:DRLL) fell 0.9% on Friday . The company traded as low as $29.89 and last traded at $29.92. 94,078 shares changed hands during trading, an increase of 72% from the average session volume of 54,765 shares. The stock had previously closed at $30.19.

Strive U.S. Energy ETF Price Performance

The firm’s fifty day moving average is $28.71 and its two-hundred day moving average is $29.40. The firm has a market cap of $337.50 million, a price-to-earnings ratio of 8.39 and a beta of 0.47.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Pathway Financial Advisers LLC acquired a new stake in shares of Strive U.S. Energy ETF during the 1st quarter valued at $49,000. Captrust Financial Advisors lifted its holdings in shares of Strive U.S. Energy ETF by 6.8% during the third quarter. Captrust Financial Advisors now owns 25,670 shares of the company’s stock valued at $721,000 after purchasing an additional 1,637 shares during the last quarter. Finally, Heritage Wealth Management Inc. acquired a new position in shares of Strive U.S. Energy ETF in the 2nd quarter valued at $747,000.

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.