Short Interest in iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) Decreases By 45.3%

iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 22,364 shares, a drop of 45.3% from the August 15th total of 40,902 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 29,466 shares, the days-to-cover ratio is currently 0.8 days.

iPath Bloomberg Commodity Index Total Return ETN Stock Down 0.6%

NYSEARCA:DJP traded down $0.30 during mid-day trading on Thursday, reaching $52.94. 32,358 shares of the company’s stock traded hands, compared to its average volume of 89,165. The company has a 50 day moving average price of $49.15 and a 200-day moving average price of $47.92. iPath Bloomberg Commodity Index Total Return ETN has a 12-month low of $34.55 and a 12-month high of $53.62.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Continuum Advisory LLC bought a new stake in iPath Bloomberg Commodity Index Total Return ETN in the second quarter valued at $27,000. Highland Investment Advisors LLC purchased a new stake in shares of iPath Bloomberg Commodity Index Total Return ETN in the 2nd quarter worth about $41,000. Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of iPath Bloomberg Commodity Index Total Return ETN in the 4th quarter worth about $150,000. Parallel Advisors LLC boosted 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 valued at $504,000 after purchasing an additional 1,451 shares in the last quarter. Finally, Stillwater Private Wealth LLC bought a new stake in shares of iPath Bloomberg Commodity Index Total Return ETN during the 1st 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.