iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) Stock Short Interest Rises 167.4%

iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 116,204 shares, a growth of 167.4% from the September 30th total of 43,457 shares. Based on an average trading volume of 32,999 shares, the short-interest ratio is currently 3.5 days. Currently, 0.7% of the shares of the company are short sold.

iPath Bloomberg Commodity Index Total Return ETN Trading Down 0.6%

Shares of DJP stock traded down $0.33 during midday trading on Friday, hitting $51.28. The company had a trading volume of 49,335 shares, compared to its average volume of 81,553. The company’s 50 day simple moving average is $52.02 and its 200 day simple moving average is $47.51. iPath Bloomberg Commodity Index Total Return ETN has a 52-week low of $36.30 and a 52-week high of $53.62.

Institutional Investors Weigh In On iPath Bloomberg Commodity Index Total Return ETN

Several hedge funds have recently modified their holdings of DJP. Heartland Bank & Trust Co purchased a new position in shares of iPath Bloomberg Commodity Index Total Return ETN during the 2nd quarter worth about $8,639,000. Stillwater Private Wealth LLC purchased a new position in iPath Bloomberg Commodity Index Total Return ETN during the first quarter worth approximately $1,135,000. CoreCap Advisors LLC grew its stake in shares of iPath Bloomberg Commodity Index Total Return ETN by 1.8% during the 2nd quarter. CoreCap Advisors LLC now owns 194,331 shares of the company’s stock valued at $8,494,000 after buying an additional 3,393 shares during the period. Parallel Advisors LLC increased its holdings in shares of iPath Bloomberg Commodity Index Total Return ETN by 16.1% during the 1st quarter. Parallel Advisors LLC now owns 10,466 shares of the company’s stock worth $504,000 after buying an additional 1,451 shares during the last quarter. Finally, Lyell Wealth Management LP acquired a new stake in shares of iPath Bloomberg Commodity Index Total Return ETN during the 3rd quarter worth $225,000.

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.