iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) Sees Large Volume Increase – Time to Buy?

iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) shares saw unusually-high trading volume on Monday . Approximately 120,915 shares changed hands during mid-day trading, an increase of 5% from the previous session’s volume of 115,031 shares.The stock last traded at $48.08 and had previously closed at $46.39.

iPath Bloomberg Commodity Index Total Return ETN Trading Up 1.3%

The stock has a 50 day moving average price of $40.86 and a two-hundred day moving average price of $37.84.

Institutional Trading of iPath Bloomberg Commodity Index Total Return ETN

Several large investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets purchased a new position in shares of iPath Bloomberg Commodity Index Total Return ETN in the third quarter worth $11,673,000. Ameriprise Financial Inc. lifted its stake in shares of iPath Bloomberg Commodity Index Total Return ETN by 6.8% during the third quarter. Ameriprise Financial Inc. now owns 209,728 shares of the company’s stock worth $7,433,000 after buying an additional 13,426 shares during the period. CoreCap Advisors LLC grew its holdings in shares of iPath Bloomberg Commodity Index Total Return ETN by 3.7% during 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 during the last quarter. Heartland Bank & Trust Co grew its holdings in shares of iPath Bloomberg Commodity Index Total Return ETN by 0.4% during the fourth quarter. Heartland Bank & Trust Co now owns 181,363 shares of the company’s stock valued at $6,821,000 after buying an additional 676 shares during the last quarter. Finally, Acima Private Wealth LLC increased its position in shares of iPath Bloomberg Commodity Index Total Return ETN by 2.1% in the 4th quarter. Acima Private Wealth LLC now owns 174,291 shares of the company’s stock valued at $6,555,000 after acquiring an additional 3,615 shares during the period.

About iPath Bloomberg Commodity Index Total Return ETN

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.