Short Interest in iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) Rises By 83.3%

iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 157,688 shares, a growth of 83.3% from the December 15th total of 86,033 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average daily trading volume, of 50,530 shares, the short-interest ratio is currently 3.1 days. Based on an average daily trading volume, of 50,530 shares, the short-interest ratio is currently 3.1 days. Currently, 0.9% of the shares of the company are sold short.

iPath Bloomberg Commodity Index Total Return ETN Stock Down 0.2%

Shares of DJP traded down $0.06 during mid-day trading on Friday, reaching $39.23. The company had a trading volume of 35,699 shares, compared to its average volume of 103,747. The stock has a 50 day moving average of $37.78 and a two-hundred day moving average of $35.90. iPath Bloomberg Commodity Index Total Return ETN has a 52-week low of $31.48 and a 52-week high of $39.90.

Institutional Trading of iPath Bloomberg Commodity Index Total Return ETN

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Richardson Capital Management LLC acquired a new position in shares of iPath Bloomberg Commodity Index Total Return ETN in the third quarter worth about $31,000. Lyell Wealth Management LP acquired a new position in iPath Bloomberg Commodity Index Total Return ETN in the 2nd quarter worth about $216,000. JPMorgan Chase & Co. raised its holdings in 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 worth $602,000 after purchasing an additional 2,984 shares during the period. Nvwm LLC boosted its position in iPath Bloomberg Commodity Index Total Return ETN by 45.3% during the third quarter. Nvwm LLC now owns 25,060 shares of the company’s stock worth $888,000 after purchasing an additional 7,815 shares in the last quarter. Finally, Bruce G. Allen Investments LLC grew its holdings in iPath Bloomberg Commodity Index Total Return ETN by 5.0% in the third quarter. Bruce G. Allen Investments LLC now owns 102,417 shares of the company’s stock valued at $3,630,000 after purchasing an additional 4,909 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.