iPath Series B Carbon ETN (NYSEARCA:GRN) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of iPath Series B Carbon ETN (NYSEARCA:GRN) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $27.60 and traded as low as $27.51. iPath Series B Carbon ETN shares last traded at $27.50, with a volume of 2,770 shares traded.

iPath Series B Carbon ETN Price Performance

The firm’s 50 day simple moving average is $29.40 and its two-hundred day simple moving average is $27.59. The firm has a market capitalization of $20.71 million, a P/E ratio of 2.95 and a beta of 0.70.

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.