Strive U.S. Semiconductor ETF (NYSE:SHOC) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Strive U.S. Semiconductor ETF (NYSE:SHOC) crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $96.03 and traded as high as $99.15. Strive U.S. Semiconductor ETF shares last traded at $98.63, with a volume of 6,439 shares changing hands.

Strive U.S. Semiconductor ETF Price Performance

The company has a market capitalization of $230.34 million, a price-to-earnings ratio of 41.80 and a beta of 1.92. The firm’s fifty day simple moving average is $105.49 and its 200 day simple moving average is $96.33.

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

Institutional investors have recently bought and sold shares of the stock. Demars Financial Group LLC lifted its stake in shares of Strive U.S. Semiconductor ETF by 89.1% in the first quarter. Demars Financial Group LLC now owns 27,360 shares of the company’s stock worth $1,971,000 after buying an additional 12,894 shares during the last quarter. Simplicity Wealth LLC bought a new position in Strive U.S. Semiconductor ETF in the 3rd quarter worth $908,000. Brookstone Capital Management acquired a new position in Strive U.S. Semiconductor ETF during the 3rd quarter worth $721,000. Citadel Advisors LLC lifted its position in Strive U.S. Semiconductor ETF by 110.7% during the 2nd quarter. Citadel Advisors LLC now owns 8,450 shares of the company’s stock worth $1,031,000 after acquiring an additional 4,440 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in Strive U.S. Semiconductor ETF by 11.6% during the first quarter. Cetera Investment Advisers now owns 27,770 shares of the company’s stock valued at $2,000,000 after acquiring an additional 2,879 shares during the period.

About Strive U.S. Semiconductor ETF

The Strive U.S. Semiconductor ETF (SHOC) is an exchange-traded fund that mostly invests in information technology equity. The fund tracks a market cap-weighted index of the 30 largest semiconductor companies in the US equity market. SHOC was launched on Oct 6, 2022 and is managed by Strive.