iPath Series B Carbon ETN (NYSEARCA:GRN) Stock Passes Above Fifty Day Moving Average – What’s Next?

Shares of iPath Series B Carbon ETN (NYSEARCA:GRN) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $30.30 and traded as high as $32.37. iPath Series B Carbon ETN shares last traded at $32.37, with a volume of 292 shares.

iPath Series B Carbon ETN Trading Up 2.4%

The firm has a 50-day moving average of $30.30 and a 200 day moving average of $30.84. The stock has a market capitalization of $11.98 million, a price-to-earnings ratio of 3.02 and a beta of 0.18.

Institutional Inflows and Outflows

An institutional investor recently raised its position 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% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 77,987 shares of the exchange traded fund’s stock after purchasing an additional 22,619 shares during the period. Flow Traders U.S. LLC owned approximately 10.40% of iPath Series B Carbon ETN worth $2,352,000 at the end of the most recent reporting period.

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.