Short Interest in iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) Rises By 1,165.7%

iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 238,318 shares, a growth of 1,165.7% from the April 30th total of 18,829 shares. Based on an average daily volume of 91,606 shares, the short-interest ratio is currently 2.6 days. Approximately 1.4% of the shares of the stock are short sold.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake 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 valued at $32,000 after acquiring 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 during the 4th quarter valued at about $150,000. Parallel Advisors LLC grew its holdings in iPath Bloomberg Commodity Index Total Return ETN by 2,551.5% during the 4th quarter. Parallel Advisors LLC now owns 9,015 shares of the company’s stock worth $339,000 after acquiring an additional 8,675 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of 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 worth $602,000 after acquiring an additional 2,984 shares during the period. Finally, Janney Montgomery Scott LLC lifted its stake in iPath Bloomberg Commodity Index Total Return ETN by 24.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 32,952 shares of the company’s stock valued at $1,586,000 after acquiring an additional 6,571 shares in the last quarter.

iPath Bloomberg Commodity Index Total Return ETN Price Performance

Shares of iPath Bloomberg Commodity Index Total Return ETN stock opened at $48.15 on Thursday. The firm has a 50 day simple moving average of $48.59 and a 200 day simple moving average of $42.98. iPath Bloomberg Commodity Index Total Return ETN has a fifty-two week low of $33.01 and a fifty-two week high of $51.73.

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.