iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) Sees Significant Decrease in Short Interest
by Michael Walen · The Markets DailyiPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP – Get Free Report) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 88,806 shares, a decline of 62.7% from the May 14th total of 238,318 shares. Based on an average daily volume of 75,565 shares, the short-interest ratio is presently 1.2 days. Currently, 0.5% of the shares of the stock are sold short.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of DJP. JPMorgan Chase & Co. increased its holdings in shares of iPath Bloomberg Commodity Index Total Return ETN by 21.3% in the third quarter. JPMorgan Chase & Co. now owns 16,974 shares of the company’s stock valued at $602,000 after buying an additional 2,984 shares in the last quarter. Acima Private Wealth LLC increased its holdings in shares of iPath Bloomberg Commodity Index Total Return ETN by 4.4% in the third quarter. Acima Private Wealth LLC now owns 170,676 shares of the company’s stock valued at $6,049,000 after buying an additional 7,174 shares in the last quarter. BNP Paribas Financial Markets bought a new position in shares of iPath Bloomberg Commodity Index Total Return ETN in the third quarter valued at $11,673,000. Ameriprise Financial Inc. increased its holdings in shares of iPath Bloomberg Commodity Index Total Return ETN by 6.8% in the third quarter. Ameriprise Financial Inc. now owns 209,728 shares of the company’s stock valued at $7,433,000 after buying an additional 13,426 shares in the last quarter. Finally, CoreCap Advisors LLC increased its holdings in shares of iPath Bloomberg Commodity Index Total Return ETN by 3.7% in the fourth quarter. CoreCap Advisors LLC now owns 184,648 shares of the company’s stock valued at $6,945,000 after buying an additional 6,636 shares in the last quarter.
iPath Bloomberg Commodity Index Total Return ETN Price Performance
NYSEARCA:DJP traded down $0.27 during midday trading on Friday, hitting $45.99. 41,628 shares of the stock were exchanged, compared to its average volume of 113,031. iPath Bloomberg Commodity Index Total Return ETN has a one year low of $33.18 and a one year high of $51.73. The business has a 50-day moving average price of $48.73 and a two-hundred day moving average price of $43.83.
iPath Bloomberg Commodity Index Total Return ETN Company Profile
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.