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

iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) saw a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 64,429 shares, a decline of 60.2% from the February 12th total of 161,773 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 44,359 shares, the short-interest ratio is presently 1.5 days. Based on an average daily volume of 44,359 shares, the short-interest ratio is presently 1.5 days. Approximately 0.4% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DJP. Richardson Capital Management LLC bought a new position in shares of iPath Bloomberg Commodity Index Total Return ETN during the 3rd quarter valued at approximately $31,000. Farther Finance Advisors LLC raised its holdings in shares of iPath Bloomberg Commodity Index Total Return ETN by 149.1% in 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 period. Nano Cap New Millennium Growth Fund L P purchased a new position in iPath Bloomberg Commodity Index Total Return ETN in the fourth quarter valued at approximately $150,000. Parallel Advisors LLC lifted its stake in 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 valued at $339,000 after purchasing an additional 8,675 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in iPath Bloomberg Commodity Index Total Return ETN by 21.3% during the third quarter. JPMorgan Chase & Co. now owns 16,974 shares of the company’s stock valued at $602,000 after purchasing an additional 2,984 shares during the period.

iPath Bloomberg Commodity Index Total Return ETN Stock Performance

DJP opened at $46.10 on Wednesday. The firm has a 50-day moving average of $41.17 and a 200 day moving average of $38.01. iPath Bloomberg Commodity Index Total Return ETN has a fifty-two week low of $31.48 and a fifty-two week high of $48.22.

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.