Range Global Coal Index ETF (NYSEARCA:COAL) Sees Large Increase in Short Interest

Range Global Coal Index ETF (NYSEARCA:COALGet Free Report) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 80,642 shares, an increase of 156.0% from the August 15th total of 31,506 shares. Currently, 3.8% of the company’s stock are sold short. Based on an average daily volume of 34,444 shares, the days-to-cover ratio is currently 2.3 days.

Range Global Coal Index ETF Price Performance

NYSEARCA:COAL traded down $0.18 during mid-day trading on Tuesday, reaching $26.18. The stock had a trading volume of 2,808 shares, compared to its average volume of 89,908. The company has a market capitalization of $55.49 million, a price-to-earnings ratio of 8.14 and a beta of 0.20. Range Global Coal Index ETF has a 1-year low of $20.53 and a 1-year high of $29.10. The stock’s 50 day simple moving average is $24.97 and its two-hundred day simple moving average is $25.49.

Institutional Investors Weigh In On Range Global Coal Index ETF

A number of institutional investors have recently made changes to their positions in the company. Royal Bank of Canada bought a new position in Range Global Coal Index ETF during the first quarter worth $68,000. Group One Trading LLC raised its holdings in shares of Range Global Coal Index ETF by 1,807.9% during the first 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 about $435,000. Cetera Investment Advisers acquired a new position in shares of Range Global Coal Index ETF in the 1st quarter valued at about $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 about $650,000.

Range Global Coal Index ETF Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for Range Global Coal Index ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Range Global Coal Index ETF and related companies with MarketBeat.com's FREE daily email newsletter.