iPath Series B Carbon ETN (NYSEARCA:GRN) Stock Crosses Below 200 Day Moving Average – Time to Sell?

iPath Series B Carbon ETN (NYSEARCA:GRN)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $31.17 and traded as low as $29.12. iPath Series B Carbon ETN shares last traded at $29.13, with a volume of 819 shares changing hands.

iPath Series B Carbon ETN Price Performance

The stock has a market cap of $10.78 million, a P/E ratio of 3.02 and a beta of 0.15. The company’s 50 day simple moving average is $28.32 and its 200 day simple moving average is $31.17.

Institutional Investors Weigh In On iPath Series B Carbon ETN

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

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.