iPath Series B Carbon ETN (NYSEARCA:GRN) Shares Pass Below 200-Day Moving Average – What’s Next?

iPath Series B Carbon ETN (NYSEARCA:GRNGet Free Report)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $26.97 and traded as low as $26.25. iPath Series B Carbon ETN shares last traded at $26.42, with a volume of 3,104 shares trading hands.

iPath Series B Carbon ETN Stock Down 1.1 %

The firm has a market capitalization of $79.06 million and a P/E ratio of 2.91. The firm’s 50-day simple moving average is $25.73 and its 200-day simple moving average is $26.97.

iPath Series B Carbon ETN Company Profile

(Get Free Report)

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.

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