Short Interest in iPath Series B Carbon ETN (NYSEARCA:GRN) Increases By 35.5%

iPath Series B Carbon ETN (NYSEARCA:GRN) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 1,072 shares, a growth of 35.5% from the December 31st total of 791 shares. Based on an average trading volume of 671 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 671 shares, the days-to-cover ratio is currently 1.6 days.

iPath Series B Carbon ETN Price Performance

Shares of NYSEARCA:GRN traded down $0.82 during trading on Friday, hitting $31.90. The company had a trading volume of 767 shares, compared to its average volume of 728. The stock has a market cap of $23.93 million, a price-to-earnings ratio of 3.02 and a beta of 0.47. The company has a fifty day simple moving average of $33.96 and a two-hundred day simple moving average of $31.49. iPath Series B Carbon ETN has a one year low of $24.09 and a one year high of $36.45.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in iPath Series B Carbon ETN stock. Ameriflex Group Inc. bought a new position in iPath Series B Carbon ETN (NYSEARCA:GRN) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,504 shares of the exchange traded fund’s stock, valued at approximately $42,000. Ameriflex Group Inc. owned about 0.20% of iPath Series B Carbon ETN at the end of the most recent quarter.

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.