Strive U.S. Energy ETF (NYSE:DRLL) Sees Significant Increase in Short Interest

Strive U.S. Energy ETF (NYSE:DRLL) was the target of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 14,560 shares, a growth of 303.9% from the October 15th total of 3,605 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 18,279 shares, the short-interest ratio is presently 0.8 days.

Strive U.S. Energy ETF Stock Up 1.8%

NYSE:DRLL opened at $41.13 on Thursday. The company’s 50 day moving average price is $42.45 and its 200-day moving average price is $37.99. Strive U.S. Energy ETF has a 52 week low of $27.76 and a 52 week high of $45.97. The stock has a market cap of $310.94 million, a price-to-earnings ratio of 11.64 and a beta of 0.37.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vigilare Wealth Management purchased a new stake in Strive U.S. Energy ETF during the 3rd quarter valued at $539,000. Harbour Investments Inc. bought a new position in shares of Strive U.S. Energy ETF during the third quarter valued at $409,000. Indiana Trust & Investment Management Co bought a new position in shares of Strive U.S. Energy ETF during the third quarter valued at $46,000. Parallel Advisors LLC purchased a new stake in shares of Strive U.S. Energy ETF during the third quarter valued at $29,000. Finally, CoreCap Advisors LLC purchased a new stake in shares of Strive U.S. Energy ETF during the third quarter valued at $27,000.

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.