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

iPath Series B Carbon ETN (NYSEARCA:GRN)’s share 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 Stock Performance

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

Hedge Funds Weigh In On iPath Series B Carbon ETN

A hedge fund recently raised its stake in iPath Series B Carbon ETN stock. Flow Traders U.S. LLC lifted its stake 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 SEC. The firm 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 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.