iPath Series B Carbon ETN (NYSEARCA:GRN) Sees Large Growth in Short Interest

iPath Series B Carbon ETN (NYSEARCA:GRN) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 904 shares, a growth of 84.5% from the February 12th total of 490 shares. Based on an average trading volume of 742 shares, the short-interest ratio is currently 1.2 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 742 shares, the short-interest ratio is currently 1.2 days.

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 raised its position in shares of iPath Series B Carbon ETN (NYSEARCA:GRN) by 140.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 55,368 shares of the exchange traded fund’s stock after purchasing an additional 32,338 shares during the quarter. Flow Traders U.S. LLC owned approximately 7.38% of iPath Series B Carbon ETN worth $1,512,000 at the end of the most recent quarter.

iPath Series B Carbon ETN Stock Performance

Shares of NYSEARCA GRN opened at $27.20 on Friday. The stock has a market capitalization of $20.40 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. The stock has a 50 day moving average price of $31.19 and a 200 day moving average price of $31.62.

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.