Teucrium Corn Fund (NYSEARCA:CORN – Get Free Report) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 164,017 shares, a decline of 57.5% from the May 14th total of 386,342 shares. Approximately 1.2% of the shares of the company are sold short. Based on an average daily volume of 576,477 shares, the days-to-cover ratio is currently 0.3 days.
Institutional Trading of Teucrium Corn Fund
Institutional investors have recently added to or reduced their stakes in the company. Safe Harbor Fiduciary LLC bought a new stake in Teucrium Corn Fund in the 4th quarter valued at $66,000. Ball & Co Wealth Management Inc. bought a new stake in Teucrium Corn Fund in the 1st quarter valued at $77,000. Group One Trading LLC boosted its stake in Teucrium Corn Fund by 633.7% in the 2nd quarter. Group One Trading LLC now owns 15,341 shares of the exchange traded fund’s stock valued at $271,000 after purchasing an additional 13,250 shares during the period. Flow Traders U.S. LLC bought a new stake in Teucrium Corn Fund in the 3rd quarter valued at $322,000. Finally, Geneos Wealth Management Inc. bought a new stake in Teucrium Corn Fund in the 1st quarter valued at $383,000.
Teucrium Corn Fund Stock Performance
CORN opened at $16.72 on Friday. The business has a fifty day simple moving average of $18.12 and a 200 day simple moving average of $17.93. Teucrium Corn Fund has a 1 year low of $16.61 and a 1 year high of $19.13.
About Teucrium Corn Fund
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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