iPath Series B Carbon ETN (NYSEARCA:GRN) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of iPath Series B Carbon ETN (NYSEARCA:GRN) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $29.07 and traded as high as $32.09. iPath Series B Carbon ETN shares last traded at $32.09, with a volume of 19 shares traded.

iPath Series B Carbon ETN Price Performance

The company has a fifty day moving average price of $30.88 and a two-hundred day moving average price of $29.07. The company has a market capitalization of $24.07 million, a P/E ratio of 3.02 and a beta of 0.47.

Institutional Trading of iPath Series B Carbon ETN

A hedge fund recently bought a new stake in iPath Series B Carbon ETN stock. Ameriflex Group Inc. acquired a new position in shares of iPath Series B Carbon ETN (NYSEARCA:GRN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,504 shares of the exchange traded fund’s stock, valued at approximately $42,000. Ameriflex Group Inc. owned about 0.20% of iPath Series B Carbon ETN at the end of the most recent quarter.

About iPath Series B Carbon ETN

The iPath Series B Carbon Exchange-Traded Notes (GRN) is an exchange-traded fund that is based on the Barclays Global Carbon II TR USD index. The fund is an ETN that tracks a liquidity-weighted index of carbon-related credit plans. The index holds December futures contracts on EUAs and CERs. GRN was launched on Sep 10, 2019 and is issued by iPath.