Range Global Coal Index ETF (NYSEARCA:COAL) Short Interest Down 85.4% in May

by · The Cerbat Gem

Range Global Coal Index ETF (NYSEARCA:COAL – Get Free Report) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 6,124 shares, a drop of 85.4% from the April 30th total of 42,022 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 61,582 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Range Global Coal Index ETF

Large investors have recently made changes to their positions in the business. Royal Bank of Canada bought a new stake in shares of Range Global Coal Index ETF in 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% in 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 purchased a new position in shares of Range Global Coal Index ETF in the 1st quarter valued at approximately $435,000. Jane Street Group LLC purchased a new position in shares of Range Global Coal Index ETF in the 4th quarter valued at approximately $468,000. Finally, Cetera Investment Advisers purchased a new position in shares of Range Global Coal Index ETF in the 1st quarter valued at approximately $577,000.

Range Global Coal Index ETF Trading Down 3.1%

Shares of COAL stock traded down $0.84 during trading hours on Friday, reaching $26.44. The company’s stock had a trading volume of 52,856 shares, compared to its average volume of 123,343. The stock has a market capitalization of $75.88 million, a P/E ratio of 8.14 and a beta of 0.03. Range Global Coal Index ETF has a one year low of $16.59 and a one year high of $29.10. The firm’s fifty day simple moving average is $26.15 and its 200 day simple moving average is $25.01.

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.

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