Short Interest in Range Global Coal Index ETF (NYSEARCA:COAL) Declines By 85.4%

Range Global Coal Index ETF (NYSEARCA:COAL) saw a significant decline in short interest in 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 currently 0.1 days. Currently, 0.2% of the company’s stock are sold short.

Range Global Coal Index ETF Price Performance

NYSEARCA:COAL traded up $0.08 during mid-day trading on Thursday, hitting $26.66. 16,531 shares of the company’s stock were exchanged, compared to its average volume of 123,488. The company has a market cap of $76.51 million, a PE ratio of 8.14 and a beta of 0.03. The business has a fifty day moving average price of $26.13 and a 200 day moving average price of $24.97. Range Global Coal Index ETF has a one year low of $16.59 and a one year high of $29.10.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada bought a new stake in shares of Range Global Coal Index ETF in the first quarter worth $68,000. Group One Trading LLC grew its position in Range Global Coal Index ETF by 1,807.9% during the first quarter. Group One Trading LLC now owns 15,282 shares of the company’s stock valued at $419,000 after buying an additional 14,481 shares during the period. Private Advisor Group LLC purchased a new stake in Range Global Coal Index ETF during the first quarter valued at approximately $435,000. Jane Street Group LLC purchased a new stake in Range Global Coal Index ETF during the fourth quarter valued at 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 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.