🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

GRN Was The Best Performing ETF Of January 10, 2017

Published 01/11/2017, 01:11 AM
Updated 05/14/2017, 06:45 AM
US500
-
GRNֹ_old
-

The iPath Global Carbon Due 6/24/2038 (NYSE:GRN) outperformed all other non-leveraged, non-inverse exchange traded products in the U.S. today, producing a +8.91% one-day return and outperforming the wider markets by a total of 8.91 percentage points.

Behind The Gains

GRN closed today at $6.60 per share, up $0.54 (+8.91%). Putting this move in context, the S&P 500 index — largely considered the most popular and useful benchmark for equity performance — closed flat on the day.

GRN’s trading volume today was a total of 3,502 shares, which was a decrease of 66% versus its average daily trading volume of 10,367. Rising trading volume generally an indicator of increased demand for a particular security, and is typically associated with a specific news event or trend that draws investors into or out of specific asset classes, or sectors or subsectors within those classes.

Including any dividends as well as today’s gains, GRN has now returned a total of -35.36% year-to-date, versus a 12.23 gain in the S&P 500 during the same timeframe.

A Look Under The Hood

iPath Global Carbon ETN is a Commodity-focused product issued by iPath. Its expense ratio of 0.75% makes it the #54 cheapest ETF among 121 total funds in the Commodity ETFs category.

GRN currently boasts $1.23M in assets under management (AUM), placing it #109 of 121 ETFs in its category, and #1879 of 1915 total ETFs in the U.S. exchange traded universe.

SMART Grade

GRN currently has an ETF Daily News SMART Grade of C (Neutral), and is ranked #90 of 123 funds in the Commodity ETFs category.

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.