iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) Short Interest Down 40.8% in July

iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 24,014 shares, a drop of 40.8% from the July 15th total of 40,580 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 35,288 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its holdings in shares of iPath Bloomberg Commodity Index Total Return ETN by 149.1% during the fourth 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 acquired a new position in iPath Bloomberg Commodity Index Total Return ETN in the 4th quarter worth approximately $150,000. Parallel Advisors LLC increased its holdings in iPath Bloomberg Commodity Index Total Return ETN by 2,551.5% in the 4th 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. JPMorgan Chase & Co. raised its position in 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 worth $602,000 after buying an additional 2,984 shares during the last quarter. Finally, Stillwater Private Wealth LLC acquired a new stake in iPath Bloomberg Commodity Index Total Return ETN during the 1st quarter valued at approximately $1,135,000.

iPath Bloomberg Commodity Index Total Return ETN Stock Up 1.3%

DJP stock traded up $0.66 during trading on Wednesday, reaching $50.05. The company had a trading volume of 5,673 shares, compared to its average volume of 95,161. The firm has a 50-day simple moving average of $46.24 and a 200-day simple moving average of $46.41. iPath Bloomberg Commodity Index Total Return ETN has a twelve month low of $33.34 and a twelve month high of $51.73.

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.