Range Global Coal Index ETF (NYSEARCA:COAL) Short Interest Up 156.0% in August

Range Global Coal Index ETF (NYSEARCA:COAL) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 80,642 shares, a growth of 156.0% from the August 15th total of 31,506 shares. Based on an average daily volume of 34,444 shares, the days-to-cover ratio is currently 2.3 days. Currently, 3.8% of the company’s shares are sold short.

Range Global Coal Index ETF Stock Performance

COAL traded down $0.50 during trading on Monday, reaching $26.50. The company had a trading volume of 39,603 shares, compared to its average volume of 90,222. The firm’s 50-day simple moving average is $24.90 and its 200 day simple moving average is $25.48. The company has a market cap of $56.19 million, a price-to-earnings ratio of 8.14 and a beta of 0.20. Range Global Coal Index ETF has a 12-month low of $20.53 and a 12-month high of $29.10.

Institutional Investors Weigh In On Range Global Coal Index ETF

A number of large investors have recently made changes to their positions in the company. Royal Bank of Canada purchased a new stake in shares of Range Global Coal Index ETF in the 1st quarter valued at approximately $68,000. Group One Trading LLC boosted its position in Range Global Coal Index ETF by 1,807.9% during the 1st quarter. Group One Trading LLC now owns 15,282 shares of the company’s stock worth $419,000 after acquiring an additional 14,481 shares during the period. Private Advisor Group LLC acquired a new stake in Range Global Coal Index ETF during the 1st quarter worth about $435,000. Jane Street Group LLC purchased a new position in Range Global Coal Index ETF during the 4th quarter valued at about $468,000. Finally, Cetera Investment Advisers purchased a new position in Range Global Coal Index ETF during the 1st quarter valued at about $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.