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

iPath Series B Carbon ETN (NYSEARCA:GRN)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $31.24 and traded as low as $29.46. iPath Series B Carbon ETN shares last traded at $29.48, with a volume of 2,619 shares changing hands.

iPath Series B Carbon ETN Price Performance

The company’s 50-day simple moving average is $28.17 and its 200-day simple moving average is $31.24. The company has a market cap of $10.91 million, a price-to-earnings ratio of 3.02 and a beta of 0.22.

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 grew its holdings in shares of iPath Series B Carbon ETN (NYSEARCA:GRN) by 40.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,987 shares of the exchange traded fund’s stock after buying an additional 22,619 shares during the quarter. Flow Traders U.S. LLC owned 10.40% of iPath Series B Carbon ETN worth $2,352,000 as of its most recent SEC filing.

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.