Range Global Coal Index ETF (NYSEARCA:COAL) Announces $0.60 Annual Dividend

Range Global Coal Index ETF (NYSEARCA:COAL) announced an annual dividend on Monday, December 29th. Stockholders of record on Tuesday, December 30th will be paid a dividend of 0.5999 per share on Wednesday, December 31st. This represents a dividend yield of 254.0%. The ex-dividend date of this dividend is Tuesday, December 30th.

Range Global Coal Index ETF Stock Performance

NYSEARCA:COAL opened at $23.02 on Tuesday. The firm has a market cap of $29.70 million, a price-to-earnings ratio of 8.14 and a beta of 0.56. The firm’s 50-day simple moving average is $22.49 and its 200 day simple moving average is $21.11. Range Global Coal Index ETF has a 52 week low of $13.85 and a 52 week high of $24.95.

Hedge Funds Weigh In On Range Global Coal Index ETF

A hedge fund recently raised its stake in Range Global Coal Index ETF stock. Citadel Advisors LLC boosted its position in shares of Range Global Coal Index ETF (NYSEARCA:COAL) by 153.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,503 shares of the company’s stock after buying an additional 28,188 shares during the period. Citadel Advisors LLC owned approximately 3.60% of Range Global Coal Index ETF worth $1,037,000 as of its most recent SEC filing.

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.