iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) Short Interest Update

iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 88,806 shares, a drop of 62.7% from the May 14th total of 238,318 shares. Based on an average trading volume of 75,565 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.5% of the shares of the company are short sold.

iPath Bloomberg Commodity Index Total Return ETN Stock Down 0.6%

iPath Bloomberg Commodity Index Total Return ETN stock traded down $0.27 during mid-day trading on Friday, reaching $45.99. 41,628 shares of the company were exchanged, compared to its average volume of 113,031. iPath Bloomberg Commodity Index Total Return ETN has a twelve month low of $33.18 and a twelve month high of $51.73. The firm’s 50-day simple moving average is $48.73 and its two-hundred day simple moving average is $43.83.

Institutional Trading of iPath Bloomberg Commodity Index Total Return ETN

Several hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its holdings 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 valued at $32,000 after buying an additional 516 shares during the period. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of iPath Bloomberg Commodity Index Total Return ETN in the 4th quarter valued at approximately $150,000. Parallel Advisors LLC lifted its holdings 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 valued at $339,000 after buying an additional 8,675 shares during the period. JPMorgan Chase & Co. lifted its holdings 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 valued at $602,000 after buying an additional 2,984 shares during the period. Finally, Stillwater Private Wealth LLC acquired a new stake in shares of iPath Bloomberg Commodity Index Total Return ETN in the first quarter valued at about $1,135,000.

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.