Strive U.S. Energy ETF (NYSEARCA:DRLL) Sees Large Increase in Short Interest

Strive U.S. Energy ETF (NYSEARCA:DRLL) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 1,600 shares, an increase of 100.0% from the August 31st total of 800 shares. Based on an average trading volume of 34,500 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 34,500 shares, the short-interest ratio is presently 0.0 days.

Strive U.S. Energy ETF Trading Up 0.7%

Shares of DRLL stock opened at $28.81 on Tuesday. The company has a market capitalization of $257.27 million, a price-to-earnings ratio of 15.14 and a beta of 1.64. The firm has a 50-day moving average price of $28.34 and a 200 day moving average price of $27.52. Strive U.S. Energy ETF has a twelve month low of $23.56 and a twelve month high of $31.03.

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

A number of institutional investors have recently modified their holdings of the company. Family Legacy Financial Solutions LLC acquired a new position in shares of Strive U.S. Energy ETF in the second quarter valued at approximately $28,000. Heritage Wealth Management Inc. purchased a new stake in Strive U.S. Energy ETF in the 2nd quarter worth approximately $312,000. Finally, Flow Traders U.S. LLC acquired a new position in Strive U.S. Energy ETF in the 2nd quarter valued at $812,000.

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.