iPath Series B Carbon ETN (NYSEARCA:GRN) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Shares of iPath Series B Carbon ETN (NYSEARCA:GRN) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $30.93 and traded as low as $30.48. iPath Series B Carbon ETN shares last traded at $30.49, with a volume of 597 shares.

iPath Series B Carbon ETN Stock Performance

The stock has a market cap of $11.33 million, a price-to-earnings ratio of 3.02 and a beta of 0.18. The business’s fifty day simple moving average is $29.82 and its 200 day simple moving average is $30.90.

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 grew its stake 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 SEC. The institutional investor owned 77,987 shares of the exchange traded fund’s stock after purchasing an additional 22,619 shares during the quarter. Flow Traders U.S. LLC owned approximately 10.40% of iPath Series B Carbon ETN worth $2,352,000 as of its most recent filing with the SEC.

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.