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

iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) was the target of a large growth in short interest in the month of 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. Approximately 1.4% of the company’s shares are sold short. Based on an average daily trading volume, of 91,606 shares, the short-interest ratio is presently 2.6 days.

iPath Bloomberg Commodity Index Total Return ETN Trading Down 1.6%

DJP traded down $0.77 during trading on Wednesday, hitting $48.15. 62,591 shares of the stock traded hands, compared to its average volume of 111,874. The firm has a 50-day moving average of $48.59 and a 200 day moving average of $42.98. iPath Bloomberg Commodity Index Total Return ETN has a 12-month low of $33.01 and a 12-month high of $51.73.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its position 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 during the period. Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of iPath Bloomberg Commodity Index Total Return ETN in the 4th quarter worth about $150,000. Parallel Advisors LLC lifted its position in shares of 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 purchasing an additional 8,675 shares during the period. JPMorgan Chase & Co. lifted its position in shares of 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 during the period. Finally, Janney Montgomery Scott LLC lifted its position in shares of 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 worth $1,586,000 after purchasing an additional 6,571 shares during the period.

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.