Range Global Coal Index ETF (NYSEARCA:COAL) Short Interest Down 63.5% in July

Range Global Coal Index ETF (NYSEARCA:COAL) was the recipient of a significant 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. Based on an average daily volume of 37,808 shares, the days-to-cover ratio is currently 1.1 days. Currently, 2.0% of the company’s stock are short sold.

Range Global Coal Index ETF Stock Performance

Shares of NYSEARCA:COAL traded up $0.47 during midday trading on Friday, reaching $24.91. 5,533 shares of the company’s stock traded hands, compared to its average volume of 95,918. Range Global Coal Index ETF has a one year low of $19.37 and a one year high of $29.10. The company has a market cap of $52.81 million, a price-to-earnings ratio of 8.14 and a beta of 0.14. The stock has a 50 day moving average of $23.83 and a 200 day moving average of $25.31.

Hedge Funds Weigh In On Range Global Coal Index ETF

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

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.