Short Interest in iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) Increases By 83.3%

iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 157,688 shares, an increase of 83.3% from the December 15th total of 86,033 shares. Based on an average trading volume of 50,530 shares, the days-to-cover ratio is presently 3.1 days. Currently, 0.9% of the shares of the company are short sold. Currently, 0.9% of the shares of the company are short sold. Based on an average trading volume of 50,530 shares, the days-to-cover ratio is presently 3.1 days.

iPath Bloomberg Commodity Index Total Return ETN Stock Performance

DJP traded down $0.35 during midday trading on Thursday, reaching $39.29. 65,266 shares of the company’s stock were exchanged, compared to its average volume of 110,607. iPath Bloomberg Commodity Index Total Return ETN has a 1-year low of $31.48 and a 1-year high of $39.90. The business’s 50-day moving average price is $37.73 and its 200 day moving average price is $35.88.

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

A number of institutional investors have recently modified their holdings of DJP. Richardson Capital Management LLC purchased a new position in shares of iPath Bloomberg Commodity Index Total Return ETN in the 3rd quarter worth about $31,000. Lyell Wealth Management LP acquired a new stake in iPath Bloomberg Commodity Index Total Return ETN during the 2nd quarter worth approximately $216,000. JPMorgan Chase & Co. raised its holdings in iPath Bloomberg Commodity Index Total Return ETN by 21.3% in the third quarter. JPMorgan Chase & Co. now owns 16,974 shares of the company’s stock valued at $602,000 after buying an additional 2,984 shares during the period. Nvwm LLC lifted its position in iPath Bloomberg Commodity Index Total Return ETN by 45.3% during the third quarter. Nvwm LLC now owns 25,060 shares of the company’s stock valued at $888,000 after buying an additional 7,815 shares in the last quarter. Finally, Bruce G. Allen Investments LLC lifted its position in iPath Bloomberg Commodity Index Total Return ETN by 5.0% during the third quarter. Bruce G. Allen Investments LLC now owns 102,417 shares of the company’s stock valued at $3,630,000 after buying an additional 4,909 shares in the last quarter.

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.