Short Interest in iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) Expands By 70.3%

iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 40,902 shares, an increase of 70.3% from the July 30th total of 24,014 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 33,878 shares, the days-to-cover ratio is currently 1.2 days.

iPath Bloomberg Commodity Index Total Return ETN Trading Up 1.2%

NYSEARCA DJP traded up $0.60 during mid-day trading on Tuesday, hitting $51.95. The company’s stock had a trading volume of 13,773 shares, compared to its average volume of 91,615. iPath Bloomberg Commodity Index Total Return ETN has a 52-week low of $34.37 and a 52-week high of $51.91. The stock’s fifty day simple moving average is $47.11 and its two-hundred day simple moving average is $46.98.

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

A number of hedge funds have recently made changes to their positions in DJP. Continuum Advisory LLC purchased a new stake in iPath Bloomberg Commodity Index Total Return ETN during the 2nd quarter worth $27,000. Farther Finance Advisors LLC raised its position in iPath Bloomberg Commodity Index Total Return ETN by 149.1% in the fourth quarter. Farther Finance Advisors LLC now owns 862 shares of the company’s stock valued at $32,000 after purchasing an additional 516 shares during the period. Highland Investment Advisors LLC acquired a new position in shares of iPath Bloomberg Commodity Index Total Return ETN during the second quarter worth about $41,000. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of iPath Bloomberg Commodity Index Total Return ETN during the fourth quarter worth about $150,000. Finally, Parallel Advisors LLC boosted its position in shares of iPath Bloomberg Commodity Index Total Return ETN by 2,551.5% in the fourth quarter. Parallel Advisors LLC now owns 9,015 shares of the company’s stock worth $339,000 after buying an additional 8,675 shares during the period.

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.