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

iPath Series B Carbon ETN (NYSEARCA:GRN) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totaling 821 shares, a growth of 52.9% from the November 30th total of 537 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 659 shares, the short-interest ratio is presently 1.2 days. Based on an average daily volume of 659 shares, the short-interest ratio is presently 1.2 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in iPath Series B Carbon ETN stock. Flow Traders U.S. LLC increased its position in iPath Series B Carbon ETN (NYSEARCA:GRN) by 40.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (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 at the end of the most recent reporting period.

iPath Series B Carbon ETN Price Performance

GRN stock traded down $0.06 during trading on Monday, reaching $34.29. The company had a trading volume of 125 shares, compared to its average volume of 2,920. iPath Series B Carbon ETN has a 52 week low of $24.09 and a 52 week high of $34.58. The business has a 50 day moving average of $32.68 and a 200 day moving average of $30.45. The company has a market cap of $25.72 million, a P/E ratio of 3.02 and a beta of 0.47.

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.