Teucrium Corn Fund (NYSEARCA:CORN – Get Free Report) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 368,322 shares, a growth of 239.5% from the April 15th total of 108,480 shares. Based on an average daily trading volume, of 731,171 shares, the days-to-cover ratio is currently 0.5 days. Currently, 2.7% of the shares of the stock are short sold.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Group One Trading LLC boosted its stake in Teucrium Corn Fund by 17,597.2% during the first quarter. Group One Trading LLC now owns 462,606 shares of the exchange traded fund’s stock valued at $8,512,000 after buying an additional 459,992 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Teucrium Corn Fund by 1,143.0% in the 1st quarter. Cetera Investment Advisers now owns 164,961 shares of the exchange traded fund’s stock valued at $3,035,000 after purchasing an additional 151,690 shares during the period. Safe Harbor Fiduciary LLC purchased a new position in Teucrium Corn Fund in the 4th quarter worth about $66,000. Teucrium Investment Advisors LLC purchased a new position in Teucrium Corn Fund in the 4th quarter worth about $1,582,000. Finally, Flow Traders U.S. LLC purchased a new position in Teucrium Corn Fund in the 3rd quarter worth about $322,000.
Teucrium Corn Fund Trading Down 2.4%
CORN stock traded down $0.45 during trading hours on Thursday, hitting $18.53. 683,598 shares of the stock traded hands, compared to its average volume of 656,030. The stock has a 50-day simple moving average of $18.38 and a 200 day simple moving average of $17.93. Teucrium Corn Fund has a one year low of $16.61 and a one year high of $19.13.
Teucrium Corn Fund Company Profile
Teucrium Corn Fund (the Fund) is a commodity pool that is a series of Teucrium Commodity Trust (Trust), a Delaware statutory trust. It will issue common units representing fractional undivided beneficial interests in such Fund, called Shares. The investment objective of the Fund is to have the daily changes in percentage terms of the shares net asset value reflect the daily changes in percentage terms of a weighted average of the closing settlement prices for three futures contracts for corn (Corn Futures Contracts) that are traded on the Chicago Board of Trade (CBOT), including the second to expire CBOT Corn Futures Contract, weighted 35%, the third-to-expire CBOT Corn Futures Contract, weighted 30%, and the CBOT Corn Futures Contract, weighted 35%.
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