iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) Sees Unusually-High Trading Volume – What’s Next?

Shares of iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) saw strong trading volume on Monday . 38,169 shares traded hands during trading, a decline of 43% from the previous session’s volume of 66,739 shares.The stock last traded at $37.9510 and had previously closed at $37.82.

iPath Bloomberg Commodity Index Total Return ETN Stock Up 0.4%

The stock has a fifty day simple moving average of $36.29 and a two-hundred day simple moving average of $35.02.

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

A number of institutional investors have recently added to or reduced their stakes in DJP. Ameriprise Financial Inc. grew 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 last quarter. BNP Paribas Financial Markets acquired a new stake in shares of iPath Bloomberg Commodity Index Total Return ETN during the 3rd quarter valued at $11,673,000. Acima Private Wealth LLC grew its position in iPath Bloomberg Commodity Index Total Return ETN by 4.4% during the 3rd quarter. Acima Private Wealth LLC now owns 170,676 shares of the company’s stock worth $6,049,000 after acquiring an additional 7,174 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in iPath Bloomberg Commodity Index Total Return ETN by 21.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,974 shares of the company’s stock worth $602,000 after purchasing an additional 2,984 shares in the last quarter. Finally, Richardson Capital Management LLC acquired a new stake in shares of iPath Bloomberg Commodity Index Total Return ETN during the third quarter valued at about $31,000.

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.