Coal ETF Struggles as Hedge Funds Flock to Distressed Debt

The Market Vectors-Coal ETF (NYSEArca: KOL) is down 13% over the past, extending a trail of woe that has seen the largest coal exchange traded fund tumble nearly 30% over the past two years. KOL’s struggles are encouraging some hedge funds to short not only shares of companies held by the ETF, but...