iPath Series B Carbon ETN (NYSEARCA:GRN) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Shares of iPath Series B Carbon ETN (NYSEARCA:GRN) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $31.51 and traded as low as $27.93. iPath Series B Carbon ETN shares last traded at $28.09, with a volume of 387 shares trading hands.

iPath Series B Carbon ETN Stock Up 0.3%

The firm’s 50-day simple moving average is $29.73 and its 200 day simple moving average is $31.46. The stock has a market capitalization of $21.03 million, a P/E ratio of 3.02 and a beta of 0.47.

Institutional Trading of iPath Series B Carbon ETN

An institutional investor recently raised its position in iPath Series B Carbon ETN stock. Flow Traders U.S. LLC raised its holdings in shares of iPath Series B Carbon ETN (NYSEARCA:GRN) by 140.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,368 shares of the exchange traded fund’s stock after buying an additional 32,338 shares during the period. Flow Traders U.S. LLC owned about 7.38% of iPath Series B Carbon ETN worth $1,512,000 as of its most recent SEC filing.

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.