Range Global Coal Index ETF (NYSEARCA:COAL) Short Interest Down 63.5% in July

Range Global Coal Index ETF (NYSEARCA:COAL) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 43,325 shares, a decrease of 63.5% from the July 15th total of 118,670 shares. Currently, 2.0% of the shares of the company are short sold. Based on an average daily trading volume, of 37,808 shares, the days-to-cover ratio is presently 1.1 days.

Range Global Coal Index ETF Stock Performance

Shares of COAL stock traded up $0.47 on Friday, reaching $24.91. The stock had a trading volume of 5,533 shares, compared to its average volume of 95,918. Range Global Coal Index ETF has a 1 year low of $19.37 and a 1 year high of $29.10. The stock has a market cap of $52.81 million, a P/E ratio of 8.14 and a beta of 0.14. The company has a 50 day simple moving average of $23.83 and a 200 day simple moving average of $25.31.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada bought a new stake in shares of Range Global Coal Index ETF during the 1st quarter valued at about $68,000. Group One Trading LLC lifted its stake in shares of Range Global Coal Index ETF by 1,807.9% in the 1st quarter. Group One Trading LLC now owns 15,282 shares of the company’s stock worth $419,000 after purchasing an additional 14,481 shares during the period. Private Advisor Group LLC bought a new position in shares of Range Global Coal Index ETF in the 1st quarter worth approximately $435,000. Jane Street Group LLC purchased a new position in shares of Range Global Coal Index ETF in the fourth quarter worth approximately $468,000. Finally, Cetera Investment Advisers purchased a new position in shares of Range Global Coal Index ETF in the first quarter worth approximately $577,000.

About Range Global Coal Index ETF

The Range Global Coal Index ETF (COAL) is an exchange-traded fund that is based on the Range Global Coal index. The fund is designed to replicate the performance of a market-cap weighted index comprising global stocks primarily involved in the coal industry, including those engaged in coal production and logistics. COAL was launched on Jan 23, 2024 and is issued by Range.