iPath Series B Carbon ETN (NYSEARCA:GRN) Short Interest Update

iPath Series B Carbon ETN (NYSEARCA:GRN) was the target of a significant decline in short interest in January. As of January 30th, there was short interest totaling 586 shares, a decline of 45.3% from the January 15th total of 1,072 shares. Based on an average trading volume of 820 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.1% of the company’s stock are short sold. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 820 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in iPath Series B Carbon ETN stock. Flow Traders U.S. LLC grew its position in shares of iPath Series B Carbon ETN (NYSEARCA:GRN) by 140.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,368 shares of the exchange traded fund’s stock after buying an additional 32,338 shares during the quarter. Flow Traders U.S. LLC owned 7.38% of iPath Series B Carbon ETN worth $1,512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

iPath Series B Carbon ETN Stock Down 3.0%

Shares of NYSEARCA:GRN traded down $0.87 on Friday, hitting $27.68. 2,693 shares of the company traded hands, compared to its average volume of 893. The stock has a 50 day simple moving average of $33.58 and a 200-day simple moving average of $31.67. The company has a market cap of $20.76 million, a PE ratio of 3.02 and a beta of 0.47. iPath Series B Carbon ETN has a 52 week low of $24.09 and a 52 week high of $36.45.

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.