Strive U.S. Energy ETF (NYSE:DRLL) Shares Shorted: Short Interest Up 81.5% in September

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

Strive U.S. Energy ETF Price Performance

NYSE:DRLL traded up $0.09 during mid-day trading on Wednesday, hitting $40.04. 19,921 shares of the company’s stock were exchanged, compared to its average volume of 21,788. The company has a market cap of $303.50 million, a PE ratio of 15.14 and a beta of 0.40. Strive U.S. Energy ETF has a one year low of $27.31 and a one year high of $43.54. The business has a fifty day moving average price of $40.13 and a 200 day moving average price of $37.74.

Institutional Trading of Strive U.S. Energy ETF

A hedge fund recently bought a new position in Strive U.S. Energy ETF stock. Burns J W & Co. Inc. NY purchased a new stake in shares of Strive U.S. Energy ETF (NYSE:DRLL) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,400 shares of the company’s stock, valued at approximately $213,000. Burns J W & Co. Inc. NY owned about 0.07% of Strive U.S. Energy ETF as of its most recent SEC filing.

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. DRLL was launched on Aug 9, 2022 and is managed by Strive.