iPath Series B Carbon ETN (NYSEARCA:GRN) Shares Pass 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 Monday . The stock has a two hundred 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 Trading Up 0.5%

The stock has a market capitalization of $11.28 million, a PE ratio of 3.02 and a beta of 0.18. The firm has a 50 day moving average price of $29.73 and a 200 day moving average price of $30.93.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in iPath Series B Carbon ETN stock. Flow Traders U.S. LLC lifted its holdings in iPath Series B Carbon ETN (NYSEARCA:GRN) by 40.9% in the third 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 acquiring an additional 22,619 shares during the period. 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 quarter.

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.