Short Interest in Range Global Coal Index ETF (NYSEARCA:COAL) Expands By 1,530.8%

by · The Cerbat Gem

Range Global Coal Index ETF (NYSEARCA:COAL – Get Free Report) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 118,670 shares, a growth of 1,530.8% from the June 30th total of 7,277 shares. Based on an average daily volume of 50,859 shares, the days-to-cover ratio is presently 2.3 days. Approximately 5.6% of the shares of the stock are sold short.

Range Global Coal Index ETF Trading Down 1.3%

Shares of NYSEARCA:COAL traded down $0.32 during mid-day trading on Friday, reaching $23.68. The stock had a trading volume of 11,299 shares, compared to its average volume of 104,575. The business’s 50 day moving average price is $24.55 and its 200 day moving average price is $25.52. Range Global Coal Index ETF has a 1 year low of $18.70 and a 1 year high of $29.10. The company has a market cap of $50.20 million, a P/E ratio of 8.14 and a beta of 0.13.

Institutional Trading of Range Global Coal Index ETF

Several hedge funds have recently modified their holdings of COAL. Jane Street Group LLC bought a new position in shares of Range Global Coal Index ETF during the 2nd quarter valued at approximately $500,000. Citadel Advisors LLC increased its position in Range Global Coal Index ETF by 153.9% in the third quarter. Citadel Advisors LLC now owns 46,503 shares of the company’s stock worth $1,037,000 after purchasing an additional 28,188 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in Range Global Coal Index ETF during the first quarter valued at $650,000. Cetera Investment Advisers purchased a new stake in Range Global Coal Index ETF during the first quarter valued at $577,000. Finally, Private Advisor Group LLC purchased a new stake in Range Global Coal Index ETF during the first quarter valued at $435,000.

Range Global Coal Index ETF Company Profile

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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.

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