Range Global Coal Index ETF (NYSEARCA:COAL – Get Free Report) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 26,567 shares, a growth of 178.4% from the September 30th total of 9,542 shares. Currently, 1.2% of the shares of the company are short sold. Based on an average daily trading volume, of 41,087 shares, the days-to-cover ratio is presently 0.6 days.
Hedge Funds Weigh In On Range Global Coal Index ETF
Several hedge funds have recently bought and sold shares of COAL. Royal Bank of Canada purchased a new stake in shares of Range Global Coal Index ETF during the first quarter valued at $68,000. Corecam Pte. Ltd. bought a new position in shares of Range Global Coal Index ETF in the third quarter worth about $308,000. Group One Trading LLC increased its stake in 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 period. Private Advisor Group LLC purchased a new position in Range Global Coal Index ETF in the 1st quarter worth about $435,000. Finally, Cetera Investment Advisers purchased a new position in Range Global Coal Index ETF in the 1st quarter worth about $577,000.
Range Global Coal Index ETF Price Performance
Shares of NYSEARCA:COAL opened at $23.72 on Friday. Range Global Coal Index ETF has a 1 year low of $20.53 and a 1 year high of $29.10. The business has a 50 day simple moving average of $25.49 and a two-hundred day simple moving average of $25.41. The firm has a market capitalization of $52.90 million, a PE ratio of 8.14 and a beta of 0.27.
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.
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