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

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

Institutional Investors 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 purchased a new position in Strive U.S. Energy ETF (NYSE:DRLL) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,400 shares of the company’s stock, valued at approximately $213,000. Burns J W & Co. Inc. NY owned approximately 0.07% of Strive U.S. Energy ETF as of its most recent filing with the Securities & Exchange Commission.

Strive U.S. Energy ETF Price Performance

Shares of NYSE:DRLL traded down $1.54 during midday trading on Wednesday, reaching $41.84. The company had a trading volume of 9,999 shares, compared to its average volume of 22,028. The stock has a market capitalization of $334.72 million, a P/E ratio of 15.14 and a beta of 0.40. The stock’s fifty day moving average price is $39.18 and its 200-day moving average price is $37.37. Strive U.S. Energy ETF has a one year low of $27.31 and a one year high of $43.54.

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.