|Bid||68.00 x 800|
|Ask||74.86 x 1000|
|Day's Range||73.65 - 74.86|
|52 Week Range||54.10 - 129.60|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-25.04%|
|Beta (5Y Monthly)||1.14|
|Expense Ratio (net)||0.60%|
The coal industry remains a major supplier to key industries such as steel and utilities through large numbers of coal-fired electricity plants. It remains a dominant energy supplier despite growing global awareness of climate change and moves to reduce the use of the coal, one of the world's most plentiful fossil fuels.
VanEck announced today that the Board of Trustees of the VanEck Vectors ETF Trust has approved a reverse split of the shares of five ETFs.
Coal equities and the VanEck Vectors Coal ETF (KOL) are in the midst of potentially telling and certainly sensitive time as alternative energy sources take hold. KOL tracks the MVIS Global Coal Index. With 2020 being a vital year for the industry, some analysts are forecasting another tricky environment for coal miners.
Fossil fuel producers, coal miners, in particular, are contending with a rough environment and outlook, which is weighing on the VanEck Vectors Coal ETF (NYSEArca: KOL), but some producers of metallurgical ...
The latest reading of U.S. manufacturing sector marks the first month of expansion, after five straight months of contraction. The data puts these ETFs in focus.
The rise of environmental, social and governance (ESG) has investors constantly asking for funds that support the initiatives of environmentally-sound practices, but it could be taking a toll on coal. In world where emissions regulations are getting more stringent, this also puts the coal industry in a bind. “It still varies dramatically based on the investor, but pension funds and endowments who hand over capital to third party asset managers are pressing more and more for ESG standards, and it’s impacting securities prices as some funds refuse to invest outright in certain companies, with coal being one of the dirtiest sectors,” said a high yield portfolio manager in a Forbes report.
Coal prices are on pace for their biggest annual decline in over a decade, weighing on a coal sector-themed ETF, on declining demand for coal-fueled power and steel. The VanEck Vectors Coal ETF (KOL) has declined 14.2% in 2019 as the spot price of thermal coal plunged 39% to $5.35 per metric ton in 2019. At its current pace, the drop in coal prices would be the largest one-year decline since S&P Global Platts started keeping records going back to 2007, the Wall Street Journal reports.
As alternative energy sources have become less expensive and adoption is increasing, coal is suffering. In recent years, domestic utilities have been reducing use of coal in favor of cheaper, cleaner-burning natural gas. Compounding woes for the U.S. coal industry are the declining costs associated with alternative energy sources, such as solar.
The coal industry has fallen on hard times and plenty of market observers are content to write obituaries for a business that was once a cornerstone of domestic power generation. Down more than 13% this ...
These sectors witnessed higher activities in the month of August defying shrinkage in U.S. manufacturing activity. Investors can thus take a look at these ETFs.