Short Interest in iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) Drops By 82.8%

iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 15,303 shares, a drop of 82.8% from the May 31st total of 88,806 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 119,174 shares, the short-interest ratio is presently 0.1 days.

iPath Bloomberg Commodity Index Total Return ETN Stock Up 1.9%

DJP stock opened at $43.98 on Friday. iPath Bloomberg Commodity Index Total Return ETN has a one year low of $33.18 and a one year high of $51.73. The firm’s 50 day moving average price is $48.16 and its 200-day moving average price is $44.33.

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

A number of hedge funds have recently modified their holdings of DJP. Farther Finance Advisors LLC raised its holdings in 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 valued at $32,000 after buying an additional 516 shares during the period. Heartland Bank & Trust Co increased its position in shares of iPath Bloomberg Commodity Index Total Return ETN by 0.4% during the fourth quarter. Heartland Bank & Trust Co now owns 181,363 shares of the company’s stock valued at $6,821,000 after acquiring an additional 676 shares during the last quarter. Bruce G. Allen Investments LLC raised its stake in shares of iPath Bloomberg Commodity Index Total Return ETN by 0.9% in the 4th quarter. Bruce G. Allen Investments LLC now owns 103,349 shares of the company’s stock valued at $3,887,000 after acquiring an additional 932 shares during the period. Parallel Advisors LLC lifted its holdings in shares of 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 acquiring an additional 1,451 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted 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 worth $602,000 after purchasing an additional 2,984 shares during the period.

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.