iPath Series B Carbon ETN (NYSEARCA:GRN) Short Interest Down 60.6% in April

iPath Series B Carbon ETN (NYSEARCA:GRN) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 190 shares, a drop of 60.6% from the April 15th total of 482 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 515 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On iPath Series B Carbon ETN

A hedge fund recently raised its stake in iPath Series B Carbon ETN stock. Flow Traders U.S. LLC raised its stake in shares of iPath Series B Carbon ETN (NYSEARCA:GRN) by 40.9% in the third quarter, according to its most recent 13F filing with the SEC. 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 about 10.40% of iPath Series B Carbon ETN worth $2,352,000 at the end of the most recent quarter.

iPath Series B Carbon ETN Trading Up 1.0%

Shares of NYSEARCA GRN traded up $0.31 during trading on Friday, reaching $29.98. 2,361 shares of the company traded hands, compared to its average volume of 885. The firm’s fifty day simple moving average is $28.64 and its 200 day simple moving average is $31.08. The stock has a market cap of $11.09 million, a P/E ratio of 3.02 and a beta of 0.15. iPath Series B Carbon ETN has a 12-month low of $25.02 and a 12-month high of $36.45.

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.