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

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company bought a new position in shares of Range Global Coal Index ETF in the first quarter worth $650,000. Cetera Investment Advisers acquired a new position in shares of Range Global Coal Index ETF during the first quarter valued at $577,000. Private Advisor Group LLC bought a new stake in shares of Range Global Coal Index ETF during the first quarter valued at about $435,000. Group One Trading LLC raised its stake 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 valued at $419,000 after purchasing an additional 14,481 shares in the last quarter. Finally, Royal Bank of Canada acquired a new stake in Range Global Coal Index ETF in the first quarter worth about $68,000.

Range Global Coal Index ETF Price Performance

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

Range Global Coal Index ETF Company Profile

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.