Strive U.S. Energy ETF (NYSEARCA:DRLL) Stock Price Up 1.5% – Here’s Why

Strive U.S. Energy ETF (NYSEARCA:DRLL)’s share price shot up 1.5% on Wednesday . The company traded as high as $27.31 and last traded at $27.27. 69,477 shares changed hands during trading, an increase of 12% from the average session volume of 62,182 shares. The stock had previously closed at $26.87.

Strive U.S. Energy ETF Price Performance

The business has a 50-day moving average of $28.76 and a 200 day moving average of $28.97. The company has a market capitalization of $310.76 million, a PE ratio of 8.39 and a beta of 0.47.

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

An institutional investor recently bought a new position in Strive U.S. Energy ETF stock. Heritage Wealth Management Inc. purchased a new stake in shares of Strive U.S. Energy ETF (NYSEARCA:DRLL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 25,300 shares of the company’s stock, valued at approximately $747,000. Heritage Wealth Management Inc. owned approximately 0.22% of Strive U.S. Energy ETF as of its most recent filing with the Securities & Exchange Commission.

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.