iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) Short Interest Up 101.2% in December

iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 86,033 shares, an increase of 101.2% from the November 30th total of 42,754 shares. Based on an average daily volume of 68,566 shares, the short-interest ratio is presently 1.3 days. Currently, 0.5% of the company’s shares are short sold. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 68,566 shares, the short-interest ratio is presently 1.3 days.

iPath Bloomberg Commodity Index Total Return ETN Stock Performance

NYSEARCA:DJP traded down $0.92 during mid-day trading on Monday, hitting $37.94. 26,794 shares of the stock traded hands, compared to its average volume of 66,072. iPath Bloomberg Commodity Index Total Return ETN has a 52 week low of $31.48 and a 52 week high of $38.86. The firm’s 50 day moving average is $37.17 and its two-hundred day moving average is $35.57.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of DJP. BNP Paribas Financial Markets bought a new stake in shares of iPath Bloomberg Commodity Index Total Return ETN during the 3rd quarter worth approximately $11,673,000. Ameriprise Financial Inc. increased its stake in iPath Bloomberg Commodity Index Total Return ETN by 6.8% in the third quarter. Ameriprise Financial Inc. now owns 209,728 shares of the company’s stock worth $7,433,000 after purchasing an additional 13,426 shares during the period. CoreCap Advisors LLC lifted its position in shares of iPath Bloomberg Commodity Index Total Return ETN by 3.3% during the third quarter. CoreCap Advisors LLC now owns 178,012 shares of the company’s stock worth $6,309,000 after purchasing an additional 5,670 shares during the last quarter. Acima Private Wealth LLC boosted its stake in shares of iPath Bloomberg Commodity Index Total Return ETN by 4.4% during the third quarter. Acima Private Wealth LLC now owns 170,676 shares of the company’s stock valued at $6,049,000 after purchasing an additional 7,174 shares during the period. Finally, Bruce G. Allen Investments LLC grew its holdings in shares of 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 worth $3,630,000 after purchasing an additional 4,909 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.