iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) Stock Short Interest Rises 106.2%

by · The Markets Daily

iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP – Get Free Report) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 46,122 shares, an increase of 106.2% from the August 31st total of 22,364 shares. Based on an average daily trading volume, of 50,873 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.3% of the shares of the company are short sold.

iPath Bloomberg Commodity Index Total Return ETN Stock Performance

Shares of DJP stock traded down $0.50 during trading hours on Tuesday, reaching $51.24. The company had a trading volume of 31,847 shares, compared to its average volume of 87,274. The business has a fifty day moving average price of $50.24 and a 200-day moving average price of $48.41. iPath Bloomberg Commodity Index Total Return ETN has a one year low of $35.09 and a one year high of $53.62.

Institutional Investors Weigh In On iPath Bloomberg Commodity Index Total Return ETN

A number of hedge funds have recently added to or reduced their stakes in the stock. Continuum Advisory LLC bought a new position in iPath Bloomberg Commodity Index Total Return ETN in the 2nd quarter worth $27,000. Bruce G. Allen Investments LLC lifted its position in iPath Bloomberg Commodity Index Total Return ETN by 0.9% during the fourth quarter. Bruce G. Allen Investments LLC now owns 103,349 shares of the company’s stock valued at $3,887,000 after purchasing an additional 932 shares in the last quarter. Highland Investment Advisors LLC bought a new stake in iPath Bloomberg Commodity Index Total Return ETN during the second quarter valued at about $41,000. Parallel Advisors LLC grew its holdings in iPath Bloomberg Commodity Index Total Return ETN by 16.1% during the first quarter. Parallel Advisors LLC now owns 10,466 shares of the company’s stock valued at $504,000 after purchasing an additional 1,451 shares during the period. Finally, Ethos Financial Group LLC increased its position in iPath Bloomberg Commodity Index Total Return ETN by 5.3% in the first quarter. Ethos Financial Group LLC now owns 63,090 shares of the company’s stock worth $3,037,000 after buying an additional 3,154 shares in the last quarter.

About iPath Bloomberg Commodity Index Total Return ETN

(Get Free Report)

The iPath Bloomberg Commodity Index Total Return ETN (DJP) is an exchange-traded note that is based on the Bloomberg Commodity index. The fund tracks a broad basket of commodity contracts with varying roll schedules. Contract maturity can range from one to five months. DJP was launched on Jun 6, 2006 and is issued by iPath.

Featured Stories