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

iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 24,014 shares, a decrease of 40.8% from the July 15th total of 40,580 shares. Based on an average daily volume of 35,288 shares, the short-interest ratio is presently 0.7 days. Approximately 0.1% of the company’s shares are short sold.

iPath Bloomberg Commodity Index Total Return ETN Stock Performance

NYSEARCA:DJP traded down $0.13 during trading hours on Tuesday, reaching $49.39. 17,214 shares of the company were exchanged, compared to its average volume of 95,733. The stock has a 50 day simple moving average of $46.18 and a 200 day simple moving average of $46.37. iPath Bloomberg Commodity Index Total Return ETN has a 52-week low of $33.18 and a 52-week high of $51.73.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Stillwater Private Wealth LLC acquired a new stake in iPath Bloomberg Commodity Index Total Return ETN during the first quarter worth about $1,135,000. Heartland Bank & Trust Co lifted its stake in shares of iPath Bloomberg Commodity Index Total Return ETN by 8.3% in the 1st quarter. Heartland Bank & Trust Co now owns 196,355 shares of the company’s stock valued at $9,453,000 after purchasing an additional 14,992 shares in the last quarter. Ethos Financial Group LLC lifted 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 lifted its stake 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 valued at $504,000 after purchasing an additional 1,451 shares in the last quarter. Finally, Bruce G. Allen Investments LLC grew its holdings in shares of iPath Bloomberg Commodity Index Total Return ETN by 0.9% during the 4th quarter. Bruce G. Allen Investments LLC now owns 103,349 shares of the company’s stock worth $3,887,000 after purchasing an additional 932 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.