iPath Series B Carbon ETN (NYSEARCA:GRN) Sees Large Increase in Short Interest

iPath Series B Carbon ETN (NYSEARCA:GRN) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 821 shares, a growth of 52.9% from the November 30th total of 537 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 659 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily trading volume, of 659 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.1% of the shares of the company are short sold.

iPath Series B Carbon ETN Price Performance

Shares of GRN traded down $0.06 during trading hours on Monday, hitting $34.29. The stock had a trading volume of 125 shares, compared to its average volume of 2,920. iPath Series B Carbon ETN has a 12 month low of $24.09 and a 12 month high of $34.58. The firm has a market capitalization of $25.72 million, a PE ratio of 3.02 and a beta of 0.47. The stock has a fifty day moving average price of $32.68 and a 200 day moving average price of $30.45.

Institutional Investors 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 holdings in iPath Series B Carbon ETN (NYSEARCA:GRN) by 40.9% during the third quarter, according to the company in its most recent disclosure 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 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.