iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) Sees Large Increase in Short Interest

iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) saw a significant increase in short interest in December. As of December 31st, there was short interest totaling 157,688 shares, an increase of 83.3% from the December 15th total of 86,033 shares. Based on an average daily volume of 50,530 shares, the days-to-cover ratio is presently 3.1 days. Approximately 0.9% of the company’s shares are short sold. Approximately 0.9% of the company’s shares are short sold. Based on an average daily volume of 50,530 shares, the days-to-cover ratio is presently 3.1 days.

Hedge Funds Weigh In On iPath Bloomberg Commodity Index Total Return ETN

Several institutional investors have recently bought and sold shares of DJP. Richardson Capital Management LLC purchased a new stake in iPath Bloomberg Commodity Index Total Return ETN during the third quarter worth $31,000. JPMorgan Chase & Co. lifted its stake in shares of iPath Bloomberg Commodity Index Total Return ETN by 21.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 16,974 shares of the company’s stock worth $602,000 after purchasing an additional 2,984 shares during the last quarter. Acima Private Wealth LLC boosted its position in iPath Bloomberg Commodity Index Total Return ETN by 2.1% during the fourth quarter. Acima Private Wealth LLC now owns 174,291 shares of the company’s stock valued at $6,555,000 after purchasing an additional 3,615 shares in the last quarter. Bruce G. Allen Investments LLC grew its stake in iPath Bloomberg Commodity Index Total Return ETN by 5.0% in the third quarter. Bruce G. Allen Investments LLC now owns 102,417 shares of the company’s stock valued at $3,630,000 after purchasing an additional 4,909 shares during the last quarter. Finally, CoreCap Advisors LLC raised its holdings in iPath Bloomberg Commodity Index Total Return ETN by 3.3% in the third quarter. CoreCap Advisors LLC now owns 178,012 shares of the company’s stock worth $6,309,000 after purchasing an additional 5,670 shares in the last quarter.

iPath Bloomberg Commodity Index Total Return ETN Price Performance

Shares of DJP stock traded down $0.12 during mid-day trading on Friday, hitting $39.17. The stock had a trading volume of 38,798 shares, compared to its average volume of 104,073. iPath Bloomberg Commodity Index Total Return ETN has a 12-month low of $31.48 and a 12-month high of $39.90. The firm’s 50-day moving average is $37.83 and its two-hundred day moving average is $35.94.

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.