Range Global Coal Index ETF (NYSEARCA:COAL) Short Interest Up 1,530.8% in July

Range Global Coal Index ETF (NYSEARCA:COAL) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 118,670 shares, a growth of 1,530.8% from the June 30th total of 7,277 shares. Currently, 5.6% of the company’s shares are sold short. Based on an average daily volume of 50,859 shares, the days-to-cover ratio is currently 2.3 days.

Institutional Investors Weigh In On Range Global Coal Index ETF

Several large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada bought a new position in Range Global Coal Index ETF in the 1st quarter worth about $68,000. Group One Trading LLC boosted 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 during the period. Private Advisor Group LLC purchased a new stake in shares of Range Global Coal Index ETF in the first quarter valued at approximately $435,000. Jane Street Group LLC bought a new position in Range Global Coal Index ETF in the fourth quarter worth approximately $468,000. Finally, Cetera Investment Advisers bought a new position in Range Global Coal Index ETF in the first quarter worth approximately $577,000.

Range Global Coal Index ETF Trading Down 1.3%

Shares of NYSEARCA COAL traded down $0.32 during mid-day trading on Friday, reaching $23.68. The company had a trading volume of 11,299 shares, compared to its average volume of 104,575. The business’s 50-day moving average is $24.55 and its 200-day moving average is $25.52. The stock has a market cap of $50.20 million, a price-to-earnings ratio of 8.14 and a beta of 0.13. Range Global Coal Index ETF has a 52 week low of $18.70 and a 52 week high of $29.10.

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.