Strive U.S. Energy ETF (NYSEARCA:DRLL) Trading Down 2.9% – Time to Sell?

Shares of Strive U.S. Energy ETF (NYSEARCA:DRLL) traded down 2.9% during trading on Friday . The company traded as low as $27.81 and last traded at $27.82. 75,384 shares changed hands during mid-day trading, an increase of 40% from the average session volume of 53,899 shares. The stock had previously closed at $28.65.

Strive U.S. Energy ETF Price Performance

The firm’s 50 day moving average is $28.56 and its 200 day moving average is $28.84. The company has a market cap of $313.81 million, a PE ratio of 8.39 and a beta of 0.47.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Strive U.S. Energy ETF stock. Highline Wealth Partners LLC acquired a new stake in shares of Strive U.S. Energy ETF (NYSEARCA:DRLL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,000 shares of the company’s stock, valued at approximately $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.