Range Global Coal Index ETF (NYSEARCA:COAL – Get Free Report) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 118,670 shares, an increase of 1,530.8% from the June 30th total of 7,277 shares. Based on an average daily trading volume, of 50,859 shares, the days-to-cover ratio is currently 2.3 days. Currently, 5.6% of the shares of the company are short sold.
Range Global Coal Index ETF Stock Down 1.3%
COAL stock traded down $0.32 during trading on Friday, hitting $23.68. The company had a trading volume of 11,299 shares, compared to its average volume of 104,575. The firm has a 50-day moving average price of $24.55 and a 200-day moving average price of $25.52. The firm has a market cap of $50.20 million, a PE ratio of 8.14 and a beta of 0.13. Range Global Coal Index ETF has a 1-year low of $18.70 and a 1-year high of $29.10.
Institutional Trading of Range Global Coal Index ETF
Several hedge funds have recently modified their holdings of COAL. Royal Bank of Canada purchased a new position in shares of Range Global Coal Index ETF in the first quarter valued at $68,000. Group One Trading LLC lifted its holdings 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 valued at $419,000 after purchasing an additional 14,481 shares in the last quarter. Private Advisor Group LLC acquired a new stake in shares of Range Global Coal Index ETF in the first quarter valued at approximately $435,000. Jane Street Group LLC acquired a new stake in shares of Range Global Coal Index ETF in the fourth quarter valued at approximately $468,000. Finally, Cetera Investment Advisers purchased a new position in shares of Range Global Coal Index ETF during the 1st quarter worth approximately $577,000.
About Range Global Coal Index ETF
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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