Coal-related sector ETFs and stocks could be in focus Thursday on nearly $700 million White House initiative to support the construction of coal-fired power plants and a coal export terminal, reflecting a broader effort to expand domestic energy supply amid rising electricity demand.
According to a Bloomberg report, President Donald Trump will deliver the funding for the country’s coal plants and an export terminal in California under the 1950 Defense Production Act, with lawmakers and governors from coal-rich states, including Wyoming and West Virginia, invited to the White House for the session on Thursday.
Coal-Linked ETFs In Focus
The proposal puts coal-focused ETFs on investors’ radar, particularly the Range Global Coal Index ETF (NYSE:COAL), which provides exposure to companies engaged in coal mining and related activities.
According to Benzinga data, the fund carries a net expense ratio of 0.85% and 68.26 million in assets under management (AUM) and trades an average daily volume of 77,370,000 shares. It has increased nearly 22% since the start of the year and about 64% over the past year.
