iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) Shares Shorted: Short Interest Down 84.6% in October

iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) was the recipient of a large decline in short interest in October. As of October 30th, there was short interest totaling 17,917 shares, a decline of 84.6% from the October 15th total of 116,204 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 27,312 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DJP. Stillwater Private Wealth LLC acquired a new stake in shares of iPath Bloomberg Commodity Index Total Return ETN during the 1st quarter valued at about $1,135,000. Heartland Bank & Trust Co purchased a new position in shares of iPath Bloomberg Commodity Index Total Return ETN in the 2nd quarter valued at about $8,639,000. Ethos Financial Group LLC increased its stake in shares of iPath Bloomberg Commodity Index Total Return ETN by 5.3% in the 1st quarter. Ethos Financial Group LLC now owns 63,090 shares of the company’s stock valued at $3,037,000 after purchasing an additional 3,154 shares in the last quarter. Parallel Advisors LLC raised its holdings in iPath Bloomberg Commodity Index Total Return ETN by 16.1% in the 1st quarter. Parallel Advisors LLC now owns 10,466 shares of the company’s stock worth $504,000 after purchasing an additional 1,451 shares during the period. Finally, CoreCap Advisors LLC raised its holdings in iPath Bloomberg Commodity Index Total Return ETN by 1.8% in the 2nd quarter. CoreCap Advisors LLC now owns 194,331 shares of the company’s stock worth $8,494,000 after purchasing an additional 3,393 shares during the period.

iPath Bloomberg Commodity Index Total Return ETN Stock Performance

Shares of DJP traded up $0.13 during trading hours on Thursday, hitting $48.51. The stock had a trading volume of 13,189 shares, compared to its average volume of 79,816. The firm has a 50-day moving average price of $51.74 and a 200 day moving average price of $47.92. iPath Bloomberg Commodity Index Total Return ETN has a fifty-two week low of $36.33 and a fifty-two week high of $53.62.

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.