Strive U.S. Energy ETF (NYSE:DRLL – Get Free Report) was the recipient of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 14,560 shares, an increase of 303.9% from the October 15th total of 3,605 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 18,279 shares, the days-to-cover ratio is presently 0.8 days.
Strive U.S. Energy ETF Stock Up 1.8%
Shares of DRLL stock opened at $41.13 on Thursday. The company has a 50 day moving average price of $42.45 and a 200-day moving average price of $37.99. Strive U.S. Energy ETF has a 52 week low of $27.76 and a 52 week high of $45.97. The firm has a market capitalization of $310.94 million, a PE ratio of 11.64 and a beta of 0.37.
Institutional Investors Weigh In On Strive U.S. Energy ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Harbour Investments Inc. bought a new stake in Strive U.S. Energy ETF in the 3rd quarter worth approximately $409,000. Parallel Advisors LLC bought a new position in shares of Strive U.S. Energy ETF during the 3rd quarter valued at $29,000. Vigilare Wealth Management purchased a new position in shares of Strive U.S. Energy ETF in the 3rd quarter worth $539,000. Indiana Trust & Investment Management Co purchased a new position in shares of Strive U.S. Energy ETF in the 3rd quarter worth $46,000. Finally, CoreCap Advisors LLC purchased a new position in shares of Strive U.S. Energy ETF in the 3rd quarter worth $27,000.
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. DRLL was launched on Aug 9, 2022 and is managed by Strive.
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