iPath Series B Carbon ETN (NYSEARCA:GRN) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Shares of iPath Series B Carbon ETN (NYSEARCA:GRN) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $31.12 and traded as low as $30.40. iPath Series B Carbon ETN shares last traded at $30.43, with a volume of 983 shares trading hands.

iPath Series B Carbon ETN Stock Performance

The firm has a market cap of $11.26 million, a price-to-earnings ratio of 3.02 and a beta of 0.15. The business has a 50 day simple moving average of $28.49 and a 200-day simple moving average of $31.12.

Hedge Funds Weigh In On iPath Series B Carbon ETN

An institutional investor recently raised its position in iPath Series B Carbon ETN stock. Flow Traders U.S. LLC lifted its holdings in iPath Series B Carbon ETN (NYSEARCA:GRN) by 40.9% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,987 shares of the exchange traded fund’s stock after buying an additional 22,619 shares during the period. Flow Traders U.S. LLC owned approximately 10.40% of iPath Series B Carbon ETN worth $2,352,000 at the end of the most recent reporting period.

iPath Series B Carbon ETN Company Profile

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.