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

iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) was the target of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 17,917 shares, a decline of 84.6% from the October 15th total of 116,204 shares. Based on an average daily volume of 27,312 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.1% of the company’s stock are short sold.

iPath Bloomberg Commodity Index Total Return ETN Stock Performance

Shares of DJP traded down $0.06 during mid-day trading on Friday, hitting $48.45. 15,905 shares of the company traded hands, compared to its average volume of 79,523. The business has a 50 day moving average of $51.67 and a 200 day moving average of $47.95. iPath Bloomberg Commodity Index Total Return ETN has a 1-year low of $36.33 and a 1-year high of $53.62.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DJP. Continuum Advisory LLC purchased a new position in iPath Bloomberg Commodity Index Total Return ETN during the second quarter valued at approximately $27,000. Highland Investment Advisors LLC purchased a new stake in iPath Bloomberg Commodity Index Total Return ETN in the 2nd quarter worth approximately $41,000. Lyell Wealth Management LP acquired a new stake in shares of iPath Bloomberg Commodity Index Total Return ETN during the 3rd quarter worth approximately $225,000. Parallel Advisors LLC grew its stake in shares of iPath Bloomberg Commodity Index Total Return ETN by 16.1% during the 1st 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 period. Finally, Stillwater Private Wealth LLC acquired a new stake in shares of iPath Bloomberg Commodity Index Total Return ETN during the 1st quarter worth approximately $1,135,000.

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.