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GRN Was The Best Performing ETF Of January 10, 2017

Tuesday, January 10, 2017 18:41
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(Before It's News)

The iPath Global Carbon ETN (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.

You are viewing an abbreviated republication of ETF Daily News content. You can find full ETF Daily News articles on (www.etfdailynews.com)



Source: http://etfdailynews.com/2017/01/10/grn-was-the-best-performing-etf-of-january-10-2017/

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