iPath Series B Carbon ETN (NYSEARCA:GRN) Stock Price Crosses Above Fifty Day Moving Average – Here’s Why

iPath Series B Carbon ETN (NYSEARCA:GRN) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $33.02 and traded as high as $34.04. iPath Series B Carbon ETN shares last traded at $34.03, with a volume of 57 shares.

iPath Series B Carbon ETN Stock Down 1.5%

The company has a market capitalization of $25.52 million, a PE ratio of 3.02 and a beta of 0.47. The firm has a 50-day moving average of $33.02 and a two-hundred day moving average of $30.65.

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. bought a new position in shares of iPath Series B Carbon ETN (NYSEARCA:GRN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,504 shares of the exchange traded fund’s stock, valued at approximately $42,000. Ameriflex Group Inc. owned 0.20% of iPath Series B Carbon ETN at the end of the most recent reporting period.

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.