Range Global Coal Index ETF (NYSEARCA:COAL) Short Interest Update

Range Global Coal Index ETF (NYSEARCA:COAL) was the recipient of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 6,124 shares, a decline of 85.4% from the April 30th total of 42,022 shares. Based on an average daily volume of 61,582 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

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

Range Global Coal Index ETF Price Performance

COAL stock traded down $0.84 during midday trading on Friday, reaching $26.44. 52,856 shares of the company’s stock traded hands, compared to its average volume of 123,343. The company has a market capitalization of $75.88 million, a P/E ratio of 8.14 and a beta of 0.03. Range Global Coal Index ETF has a fifty-two week low of $16.59 and a fifty-two week high of $29.10. The business has a 50-day moving average price of $26.15 and a two-hundred day moving average price of $25.01.

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.