Range Global Coal Index ETF (NYSEARCA:COAL) Shares Shorted: Short Interest Up 178.4% in October

Range Global Coal Index ETF (NYSEARCA:COAL) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 26,567 shares, an increase of 178.4% from the September 30th total of 9,542 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average trading volume of 41,087 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of Range Global Coal Index ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada bought a new stake in Range Global Coal Index ETF during the 1st quarter valued at $68,000. Corecam Pte. Ltd. acquired a new stake in Range Global Coal Index ETF during the 3rd quarter worth about $308,000. Group One Trading LLC raised its position in Range Global Coal Index ETF by 1,807.9% during the 1st quarter. Group One Trading LLC now owns 15,282 shares of the company’s stock worth $419,000 after buying an additional 14,481 shares during the last quarter. Private Advisor Group LLC acquired a new position in shares of Range Global Coal Index ETF in the 1st quarter valued at about $435,000. Finally, Cetera Investment Advisers purchased a new stake in Range Global Coal Index ETF in the 1st quarter worth approximately $577,000.

Range Global Coal Index ETF Trading Up 1.7%

Shares of COAL stock traded up $0.40 during trading hours on Thursday, reaching $24.48. 24,392 shares of the stock were exchanged, compared to its average volume of 81,800. The firm has a market capitalization of $54.59 million, a price-to-earnings ratio of 8.14 and a beta of 0.27. Range Global Coal Index ETF has a 12-month low of $20.53 and a 12-month high of $29.10. The company’s 50-day moving average price is $25.56 and its 200-day moving average price is $25.43.

Range Global Coal Index ETF Company Profile

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.