iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) Sees Significant Increase in Short Interest

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

iPath Bloomberg Commodity Index Total Return ETN Trading Up 0.0%

iPath Bloomberg Commodity Index Total Return ETN stock opened at $47.38 on Friday. The stock has a 50-day moving average of $46.36 and a two-hundred day moving average of $45.76. iPath Bloomberg Commodity Index Total Return ETN has a one year low of $33.18 and a one year high of $51.73.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets purchased a new stake in iPath Bloomberg Commodity Index Total Return ETN during the 3rd quarter worth approximately $11,673,000. Ethos Financial Group LLC purchased a new position in shares of iPath Bloomberg Commodity Index Total Return ETN in the fourth quarter worth $2,254,000. Stillwater Private Wealth LLC purchased a new position in shares of iPath Bloomberg Commodity Index Total Return ETN in the first quarter worth $1,135,000. Heartland Bank & Trust Co lifted its stake in shares of iPath Bloomberg Commodity Index Total Return ETN by 8.3% during the first quarter. Heartland Bank & Trust Co now owns 196,355 shares of the company’s stock worth $9,453,000 after buying an additional 14,992 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of iPath Bloomberg Commodity Index Total Return ETN by 6.8% during the third quarter. Ameriprise Financial Inc. now owns 209,728 shares of the company’s stock worth $7,433,000 after buying an additional 13,426 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.