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

iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 24,014 shares, a decline of 40.8% from the July 15th total of 40,580 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 35,288 shares, the days-to-cover ratio is currently 0.7 days.

iPath Bloomberg Commodity Index Total Return ETN Stock Performance

Shares of NYSEARCA:DJP opened at $48.61 on Monday. iPath Bloomberg Commodity Index Total Return ETN has a 1-year low of $33.18 and a 1-year high of $51.73. The firm has a fifty day moving average price of $46.14 and a 200 day moving average price of $46.32.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Stillwater Private Wealth LLC purchased a new stake in iPath Bloomberg Commodity Index Total Return ETN during the 1st quarter valued at approximately $1,135,000. Heartland Bank & Trust Co grew 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 during the last quarter. CoreCap Advisors LLC increased its holdings in shares of iPath Bloomberg Commodity Index Total Return ETN by 1.8% in the second quarter. CoreCap Advisors LLC now owns 194,331 shares of the company’s stock valued at $8,494,000 after purchasing an additional 3,393 shares during the period. Parallel Advisors LLC raised its stake in shares of iPath Bloomberg Commodity Index Total Return ETN by 16.1% during the first quarter. Parallel Advisors LLC now owns 10,466 shares of the company’s stock worth $504,000 after purchasing an additional 1,451 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of iPath Bloomberg Commodity Index Total Return ETN by 21.3% during the third 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 last quarter.

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.