iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) Sees Unusually-High Trading Volume – Still a Buy?

iPath Bloomberg Commodity Index Total Return ETN (NYSEARCA:DJP) shares saw unusually-high trading volume on Tuesday . Approximately 235,728 shares changed hands during trading, an increase of 158% from the previous session’s volume of 91,367 shares.The stock last traded at $34.13 and had previously closed at $34.02.

iPath Bloomberg Commodity Index Total Return ETN Stock Up 0.6 %

The company has a 50 day moving average price of $33.72 and a 200-day moving average price of $32.28.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its holdings in iPath Bloomberg Commodity Index Total Return ETN by 2.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 30,917 shares of the company’s stock valued at $992,000 after acquiring an additional 841 shares during the last quarter. Bruce G. Allen Investments LLC boosted its holdings in iPath Bloomberg Commodity Index Total Return ETN by 1.7% in the fourth quarter. Bruce G. Allen Investments LLC now owns 102,218 shares of the company’s stock valued at $3,280,000 after acquiring an additional 1,660 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in iPath Bloomberg Commodity Index Total Return ETN by 11.8% in the third quarter. First Horizon Advisors Inc. now owns 12,363 shares of the company’s stock valued at $399,000 after acquiring an additional 1,301 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in iPath Bloomberg Commodity Index Total Return ETN by 0.6% in the fourth quarter. Ameriprise Financial Inc. now owns 193,619 shares of the company’s stock valued at $6,213,000 after acquiring an additional 1,192 shares during the last quarter.

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.