Range Global Coal Index ETF (NYSEARCA:COAL) Shares Shorted: Short Interest Up 178.4% in October

Range Global Coal Index ETF (NYSEARCA:COAL) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 26,567 shares, a growth of 178.4% from the September 30th total of 9,542 shares. Based on an average trading volume of 41,087 shares, the days-to-cover ratio is presently 0.6 days. Approximately 1.2% of the shares of the company are short sold.

Institutional Trading of Range Global Coal Index ETF

Several hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada bought a new stake in Range Global Coal Index ETF in the 1st quarter valued at $68,000. Corecam Pte. Ltd. bought a new position in Range Global Coal Index ETF during the 3rd quarter worth $308,000. Group One Trading LLC lifted its holdings in shares of 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 worth $419,000 after buying an additional 14,481 shares in the last quarter. Private Advisor Group LLC acquired a new stake in shares of Range Global Coal Index ETF during the first quarter worth $435,000. Finally, Cetera Investment Advisers bought a new stake in shares of Range Global Coal Index ETF in the first quarter valued at about $577,000.

Range Global Coal Index ETF Stock Up 1.7%

Range Global Coal Index ETF stock traded up $0.40 during mid-day trading on Thursday, hitting $24.48. 24,392 shares of the company were exchanged, compared to its average volume of 81,800. Range Global Coal Index ETF has a 1-year low of $20.53 and a 1-year high of $29.10. The company has a market capitalization of $54.59 million, a PE ratio of 8.14 and a beta of 0.27. The business has a fifty day moving average of $25.56 and a 200 day moving average of $25.43.

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.