Range Global Coal Index ETF (NYSEARCA:COAL – Get Free Report) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 80,642 shares, an increase of 156.0% from the August 15th total of 31,506 shares. Based on an average daily volume of 34,444 shares, the short-interest ratio is presently 2.3 days. Currently, 3.8% of the company’s shares are short sold.
Range Global Coal Index ETF Price Performance
Shares of NYSEARCA COAL opened at $27.00 on Friday. Range Global Coal Index ETF has a 1 year low of $20.10 and a 1 year high of $29.10. The firm has a 50-day simple moving average of $24.90 and a two-hundred day simple moving average of $25.48. The company has a market cap of $57.24 million, a P/E ratio of 8.14 and a beta of 0.20.
Institutional Investors Weigh In On Range Global Coal Index ETF
Large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada bought a new stake in shares of Range Global Coal Index ETF during the first quarter valued at approximately $68,000. Group One Trading LLC grew its stake in 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 in the last quarter. Private Advisor Group LLC bought a new position in Range Global Coal Index ETF in the first quarter worth approximately $435,000. Jane Street Group LLC purchased a new position in Range Global Coal Index ETF during the 4th quarter worth $468,000. Finally, Cetera Investment Advisers purchased a new position in Range Global Coal Index ETF during the 1st quarter worth $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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