Range Global Coal Index ETF (NYSEARCA:COAL) Stock Short Interest Report for October

Range Global Coal Index ETF (NYSEARCA:COAL) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 26,567 shares, an increase of 178.4% from the September 30th total of 9,542 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily volume of 41,087 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On Range Global Coal Index ETF

Several hedge funds have recently added to or reduced their stakes in COAL. Corecam Pte. Ltd. bought a new position in shares of Range Global Coal Index ETF during the third quarter valued at $308,000. Royal Bank of Canada acquired a new position in shares of Range Global Coal Index ETF during the first quarter worth $68,000. The Manufacturers Life Insurance Company bought a new stake in shares of Range Global Coal Index ETF in the first quarter worth $650,000. Group One Trading LLC grew its stake in shares of Range Global Coal Index ETF by 1,807.9% in 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 last quarter. Finally, Cetera Investment Advisers acquired a new stake in Range Global Coal Index ETF in the first quarter valued at $577,000.

Range Global Coal Index ETF Trading Down 2.0%

Range Global Coal Index ETF stock traded down $0.50 during mid-day trading on Friday, reaching $23.98. The company had a trading volume of 25,982 shares, compared to its average volume of 81,523. Range Global Coal Index ETF has a fifty-two week low of $20.53 and a fifty-two week high of $29.10. The company has a market cap of $53.47 million, a P/E ratio of 8.14 and a beta of 0.27. The business has a fifty day simple moving average of $25.53 and a 200 day simple moving average of $25.42.

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.