Short Interest in iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) Rises By 68.9%

iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 40,580 shares, an increase of 68.9% from the June 30th total of 24,019 shares. Based on an average daily volume of 75,271 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the shares of the stock are sold short.

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

Several large investors have recently made changes to their positions in DJP. 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 in the last quarter. Nano Cap New Millennium Growth Fund L P acquired a new position in iPath Bloomberg Commodity Index Total Return ETN in the fourth quarter worth approximately $150,000. Parallel Advisors LLC increased its holdings in shares of 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 buying an additional 8,675 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of 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 valued at $602,000 after acquiring an additional 2,984 shares during the last quarter. Finally, Stillwater Private Wealth LLC bought a new stake in shares of iPath Bloomberg Commodity Index Total Return ETN during the 1st quarter worth $1,135,000.

iPath Bloomberg Commodity Index Total Return ETN Stock Performance

Shares of iPath Bloomberg Commodity Index Total Return ETN stock opened at $47.37 on Friday. The business has a fifty day simple moving average of $46.40 and a 200-day simple moving average of $45.75. iPath Bloomberg Commodity Index Total Return ETN has a fifty-two week low of $33.18 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.