iPath Series B Carbon ETN (NYSEARCA:GRN) Stock Price Passes Above 50 Day Moving Average – What’s Next?

iPath Series B Carbon ETN (NYSEARCA:GRN) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $30.30 and traded as high as $32.37. iPath Series B Carbon ETN shares last traded at $32.37, with a volume of 292 shares changing hands.

iPath Series B Carbon ETN Stock Up 0.4%

The company has a 50 day moving average of $30.43 and a 200-day moving average of $30.82. The stock has a market capitalization of $11.90 million, a P/E ratio of 3.02 and a beta of 0.18.

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 increased its holdings in iPath Series B Carbon ETN (NYSEARCA:GRN) by 40.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 77,987 shares of the exchange traded fund’s stock after buying an additional 22,619 shares during the period. Flow Traders U.S. LLC owned about 10.40% of iPath Series B Carbon ETN worth $2,352,000 as of its most recent filing with the SEC.

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.