Range Global Coal Index ETF (NYSEARCA:COAL) Short Interest Update

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

Range Global Coal Index ETF Stock Up 2.7%

Shares of Range Global Coal Index ETF stock traded up $0.66 on Friday, hitting $25.10. The company’s stock had a trading volume of 14,619 shares, compared to its average volume of 95,984. The company has a market capitalization of $53.21 million, a P/E ratio of 8.14 and a beta of 0.14. Range Global Coal Index ETF has a 52-week low of $19.37 and a 52-week high of $29.10. The firm has a fifty day moving average price of $23.79 and a 200-day moving average price of $25.31.

Institutional Trading of Range Global Coal Index ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada acquired a new stake in shares of Range Global Coal Index ETF in the first quarter valued at approximately $68,000. The Manufacturers Life Insurance Company purchased a new stake in Range Global Coal Index ETF in the 1st quarter valued at approximately $650,000. Group One Trading LLC grew its holdings 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 valued at $419,000 after buying an additional 14,481 shares during the last quarter. Cetera Investment Advisers acquired a new stake in Range Global Coal Index ETF during the 1st quarter valued at $577,000. Finally, Private Advisor Group LLC purchased a new position in Range Global Coal Index ETF during the first quarter worth $435,000.

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.