iPath Series B Carbon ETN (NYSEARCA:GRN) Stock Price Passes Above 50 Day Moving Average – What’s Next?

iPath Series B Carbon ETN (NYSEARCA:GRN) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $28.29 and traded as high as $29.33. iPath Series B Carbon ETN shares last traded at $29.33, with a volume of 37 shares.

iPath Series B Carbon ETN Trading Down 0.5%

The firm has a market cap of $10.85 million, a price-to-earnings ratio of 3.02 and a beta of 0.22. The stock has a 50-day moving average of $28.29 and a 200-day moving average of $31.29.

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 increased its position in iPath Series B Carbon ETN (NYSEARCA:GRN) by 40.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,987 shares of the exchange traded fund’s stock after acquiring 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.