Range Global Coal Index ETF (NYSEARCA:COAL) Sees Significant Decline in Short Interest

Range Global Coal Index ETF (NYSEARCA:COAL) saw a large decrease in short interest in September. As of September 15th, there was short interest totaling 14,896 shares, a decrease of 81.5% from the August 31st total of 80,642 shares. Based on an average daily volume of 60,180 shares, the short-interest ratio is presently 0.2 days. Currently, 0.7% of the company’s stock are short sold.

Range Global Coal Index ETF Stock Down 0.0%

Shares of NYSEARCA:COAL traded down $0.01 during midday trading on Friday, hitting $24.45. The stock had a trading volume of 24,033 shares, compared to its average volume of 87,563. The company has a market cap of $53.79 million, a P/E ratio of 8.14 and a beta of 0.20. Range Global Coal Index ETF has a 12 month low of $20.53 and a 12 month high of $29.10. The business’s 50-day simple moving average is $25.38 and its 200-day simple moving average is $25.47.

Institutional Investors Weigh In On Range Global Coal Index ETF

Several hedge funds have recently bought and sold shares of COAL. Royal Bank of Canada acquired a new position in shares of Range Global Coal Index ETF during the 1st quarter worth approximately $68,000. Group One Trading LLC grew its position in shares of 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 purchasing an additional 14,481 shares in the last quarter. Private Advisor Group LLC bought a new position in Range Global Coal Index ETF during the 1st quarter worth $435,000. Cetera Investment Advisers bought a new position in shares of Range Global Coal Index ETF in the first quarter worth $577,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Range Global Coal Index ETF in the 1st quarter valued at approximately $650,000.

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.