iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) Short Interest Up 1,165.7% in May

iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 238,318 shares, an increase of 1,165.7% from the April 30th total of 18,829 shares. Based on an average daily trading volume, of 91,606 shares, the short-interest ratio is presently 2.6 days. Approximately 1.4% of the shares of the stock are short sold.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC grew its stake 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 worth $32,000 after buying an additional 516 shares in the last quarter. Heartland Bank & Trust Co boosted its stake in shares of iPath Bloomberg Commodity Index Total Return ETN by 0.4% in the 4th quarter. Heartland Bank & Trust Co now owns 181,363 shares of the company’s stock valued at $6,821,000 after purchasing an additional 676 shares in the last quarter. Bruce G. Allen Investments LLC boosted 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 purchasing an additional 932 shares in the last quarter. Parallel Advisors LLC boosted 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, JPMorgan Chase & Co. boosted its stake 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 purchasing an additional 2,984 shares in the last quarter.

iPath Bloomberg Commodity Index Total Return ETN Price Performance

DJP stock traded down $0.77 during midday trading on Wednesday, reaching $48.15. The company had a trading volume of 62,591 shares, compared to its average volume of 111,874. iPath Bloomberg Commodity Index Total Return ETN has a 1 year low of $33.01 and a 1 year high of $51.73. The firm has a 50-day moving average price of $48.59 and a 200-day moving average price of $42.98.

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.