Ipath Long Bond Bear shares had a trading volume of 3,700 by the end of trading on Wednesday. Overall, volume was up 240.07% over the stocks normal daily volume.
Short traders are feeling a little more bullish on the company if you pay attention to the downtick in short interest. The company realized a fall in short interest between September 29, 2017 and October 13, 2017 of -66.06%. Short interest decreased from 6,164 to 2,092 over that period. With short interest at 2,092 and short average daily volume at 1,108, days to cover is 2.0 and the percentage of shorted shares is 0.00% as of October 13.
These funds have shifted positions in (DLBS). As of quarter end Kcg Holdings, Inc. had sold 3,380 shares trimming its stake by 12.7%. The value of the total investment in Ipath Long Bond Bear went from $512,000 to $397,000 a change of 22.5% since the last quarter. As of the end of the quarter Ubs Group Ag had acquired a total of 1,626 shares growing its position 501.9%. The value of the company’s investment in Ipath Long Bond Bear increased from $6,000 to $33,000 increasing 450.0% quarter over quarter.
Jane Street Group, LLC expanded its investment by buying 12,601 shares an increase of 46.4% from 03/31/2017 to 06/30/2017. Jane Street Group, LLC owns 39,734 shares worth $672,000. The total value of its holdings increased 30.7%. As of quarter end Stokes & Hubbell Capital Management, LLC had sold 154 shares trimming its holdings by 0.2%. The value in dollars decreased from $1,343,000 to $1,337,000 a change of $6,000 quarter to quarter.
The company is now up by 0.92% since yesterday’s close of 16.28. The most current P/E ratio is N/A and market cap is 24.95M.
The iPath US Treasury Long Bond Bear ETN is designed to provide investors with inverse exposure to the Barclays Long Bond US Treasury Futures Targeted Exposure Index. The Barclays Long Bond US Treasury Futures Targeted Exposure Index (the ‘Index’) is designed to decrease in response to an increase in the long-dated Treasury bond yields and to increase in response to a decrease in long-dated Treasury bond yields. The Index targets a fixed level of sensitivity to changes in the yield of the current cheapest-to-deliver bond underlying the relevant long-dated Treasury futures contract at a given point in time..