Strive U.S. Energy ETF (NYSE:DRLL) Stock Short Interest Jumps 81.5%

Strive U.S. Energy ETF (NYSE:DRLL) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 7,415 shares, an increase of 81.5% from the August 31st total of 4,085 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 13,726 shares, the days-to-cover ratio is currently 0.5 days.

Strive U.S. Energy ETF Trading Down 0.7%

Strive U.S. Energy ETF stock traded down $0.30 during midday trading on Tuesday, hitting $39.95. The stock had a trading volume of 18,582 shares, compared to its average volume of 21,799. Strive U.S. Energy ETF has a 52-week low of $27.31 and a 52-week high of $43.54. The company has a market capitalization of $302.82 million, a PE ratio of 15.14 and a beta of 0.40. The firm’s fifty day moving average is $40.09 and its two-hundred day moving average is $37.71.

Institutional Trading of 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 bought a new position in shares of Strive U.S. Energy ETF (NYSE:DRLL) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 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 at the end of the most recent quarter.

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.