Could be. I just checked BONAP and found only two mapped species of Lycopodium. Apparently, they moved other species (15 on USDA site) into different genera.
Looks like Dendrolycopodium obscurum to me. You could check this by looking closely at the branches. If it is D. obscurum the leaves on the lower side of a branch should be a lot shorter than the ones on the other sides of the branch. https://gobotany.newenglandwild.org/species/dendrolycopodium/obscurum/?key=dichotomous#dkey
