iPath Series B Carbon ETN (NYSEARCA:GRN) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

iPath Series B Carbon ETN (NYSEARCA:GRN) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $31.51 and traded as low as $27.93. iPath Series B Carbon ETN shares last traded at $28.09, with a volume of 387 shares.

iPath Series B Carbon ETN Stock Performance

The stock has a fifty day simple moving average of $30.05 and a 200-day simple moving average of $31.51. The stock has a market cap of $21.07 million, a P/E ratio of 3.02 and a beta of 0.47.

Institutional Inflows and Outflows

An institutional investor recently raised its position in iPath Series B Carbon ETN stock. Flow Traders U.S. LLC boosted its position in iPath Series B Carbon ETN (NYSEARCA:GRN) by 140.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 55,368 shares of the exchange traded fund’s stock after buying an additional 32,338 shares during the quarter. Flow Traders U.S. LLC owned approximately 7.38% of iPath Series B Carbon ETN worth $1,512,000 as of its most recent filing with the SEC.

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.