Short Interest in iPath Series B Carbon ETN (NYSEARCA:GRN) Declines By 42.4%

iPath Series B Carbon ETN (NYSEARCA:GRN) was the target of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 114 shares, a decline of 42.4% from the May 14th total of 198 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 677 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of 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 shares of iPath Series B Carbon ETN (NYSEARCA:GRN) by 40.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,987 shares of the exchange traded fund’s stock after buying 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.

iPath Series B Carbon ETN Price Performance

Shares of NYSEARCA:GRN traded down $0.01 during trading on Tuesday, hitting $31.69. 119 shares of the company were exchanged, compared to its average volume of 830. The stock has a market capitalization of $11.73 million, a P/E ratio of 3.02 and a beta of 0.18. iPath Series B Carbon ETN has a 12-month low of $25.02 and a 12-month high of $36.45. The firm’s 50 day moving average price is $29.96 and its 200-day moving average price is $30.87.

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.