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

iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 15,303 shares, a drop of 82.8% from the May 31st total of 88,806 shares. Based on an average daily volume of 119,174 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

iPath Bloomberg Commodity Index Total Return ETN Trading Down 0.8%

Shares of NYSEARCA DJP traded down $0.33 during mid-day trading on Friday, reaching $43.65. 57,348 shares of the company’s stock were exchanged, compared to its average volume of 110,295. The firm has a 50-day moving average price of $48.09 and a two-hundred day moving average price of $44.32. iPath Bloomberg Commodity Index Total Return ETN has a 52 week low of $33.18 and a 52 week high of $51.73.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its stake in shares of iPath Bloomberg Commodity Index Total Return ETN by 149.1% during the 4th quarter. Farther Finance Advisors LLC now owns 862 shares of the company’s stock worth $32,000 after purchasing an additional 516 shares during the last quarter. Heartland Bank & Trust Co increased its position in iPath Bloomberg Commodity Index Total Return ETN by 0.4% in the fourth quarter. Heartland Bank & Trust Co now owns 181,363 shares of the company’s stock worth $6,821,000 after buying an additional 676 shares during the last quarter. Bruce G. Allen Investments LLC raised its stake in shares of iPath Bloomberg Commodity Index Total Return ETN by 0.9% in the fourth quarter. Bruce G. Allen Investments LLC now owns 103,349 shares of the company’s stock valued at $3,887,000 after buying an additional 932 shares during the period. Parallel Advisors LLC raised its stake in shares of iPath Bloomberg Commodity Index Total Return ETN by 16.1% in the first quarter. Parallel Advisors LLC now owns 10,466 shares of the company’s stock valued at $504,000 after buying an additional 1,451 shares during the period. Finally, JPMorgan Chase & Co. lifted its position 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 valued at $602,000 after buying an additional 2,984 shares during the last quarter.

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.