iPath Series B Carbon ETN (NYSEARCA:GRN) Short Interest Up 35.5% in January

iPath Series B Carbon ETN (NYSEARCA:GRNGet Free Report) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 1,072 shares, an increase of 35.5% from the December 31st total of 791 shares. Based on an average trading volume of 671 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 671 shares, the days-to-cover ratio is presently 1.6 days.

iPath Series B Carbon ETN Price Performance

NYSEARCA GRN traded down $0.82 during trading on Friday, reaching $31.90. 767 shares of the company’s stock traded hands, compared to its average volume of 728. iPath Series B Carbon ETN has a 12-month low of $24.09 and a 12-month high of $36.45. The firm has a market cap of $23.93 million, a price-to-earnings ratio of 3.02 and a beta of 0.47. The company’s 50 day simple moving average is $33.96 and its two-hundred day simple moving average is $31.49.

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 raised its stake in shares of iPath Series B Carbon ETN (NYSEARCA:GRNFree Report) by 140.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,368 shares of the exchange traded fund’s stock after acquiring 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 at the end of the most recent reporting period.

About iPath Series B Carbon ETN

(Get Free Report)

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.

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