iPath Series B Carbon ETN (NYSEARCA:GRN) Share Price Passes Below 200-Day Moving Average – Time to Sell?

iPath Series B Carbon ETN (NYSEARCA:GRN) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $31.04 and traded as low as $29.62. iPath Series B Carbon ETN shares last traded at $29.73, with a volume of 358 shares trading hands.

iPath Series B Carbon ETN Stock Performance

The company has a market cap of $11.00 million, a PE ratio of 3.02 and a beta of 0.15. The firm’s 50 day moving average is $28.78 and its 200-day moving average is $31.04.

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 raised its position in iPath Series B Carbon ETN (NYSEARCA:GRN) by 40.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 about 10.40% of iPath Series B Carbon ETN worth $2,352,000 as of its most recent SEC filing.

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.