Short Interest in Strive U.S. Energy ETF (NYSE:DRLL) Drops By 40.8%

Strive U.S. Energy ETF (NYSE:DRLL) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 4,085 shares, a decline of 40.8% from the August 15th total of 6,901 shares. Based on an average trading volume of 14,976 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

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

A hedge fund recently bought a new stake in Strive U.S. Energy ETF stock. Burns J W & Co. Inc. NY bought a new stake in Strive U.S. Energy ETF (NYSE:DRLL) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,400 shares of the company’s stock, valued at approximately $213,000. Burns J W & Co. Inc. NY owned 0.07% of Strive U.S. Energy ETF as of its most recent SEC filing.

Strive U.S. Energy ETF Price Performance

DRLL traded down $1.54 during trading hours on Wednesday, hitting $41.84. 9,999 shares of the stock were exchanged, compared to its average volume of 22,028. The stock has a market cap of $334.72 million, a price-to-earnings ratio of 15.14 and a beta of 0.40. The stock has a 50-day simple moving average of $39.18 and a 200-day simple moving average of $37.37. Strive U.S. Energy ETF has a 12 month low of $27.31 and a 12 month high of $43.54.

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.