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

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

iPath Series B Carbon ETN Price Performance

NYSEARCA GRN traded down $0.28 during trading on Tuesday, hitting $34.07. 3,711 shares of the company’s stock traded hands, compared to its average volume of 2,923. The stock has a fifty day moving average of $32.72 and a two-hundred day moving average of $30.48. iPath Series B Carbon ETN has a 12-month low of $24.09 and a 12-month high of $34.58. The firm has a market cap of $25.55 million, a P/E ratio of 3.02 and a beta of 0.47.

Hedge Funds Weigh In On iPath Series B Carbon ETN

An institutional investor recently bought a new position in iPath Series B Carbon ETN stock. Ameriflex Group Inc. acquired a new stake in iPath Series B Carbon ETN (NYSEARCA:GRN) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 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 as of its most recent filing with the Securities & Exchange Commission.

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.