Teucrium Corn Fund (NYSEARCA:CORN – Get Free Report) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,813,420 shares, an increase of 71.9% from the August 15th total of 1,054,689 shares. Based on an average trading volume of 609,472 shares, the days-to-cover ratio is currently 3.0 days. Approximately 19.0% of the company’s shares are short sold.
Teucrium Corn Fund Price Performance
Shares of Teucrium Corn Fund stock traded down $0.07 during trading on Wednesday, hitting $19.97. The stock had a trading volume of 155,075 shares, compared to its average volume of 542,942. Teucrium Corn Fund has a 12 month low of $16.36 and a 12 month high of $20.43. The firm’s fifty day simple moving average is $18.62 and its 200-day simple moving average is $18.19.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the business. Roan Capital Partners purchased a new stake in shares of Teucrium Corn Fund in the second quarter worth approximately $901,000. Royal Bank of Canada purchased a new position in Teucrium Corn Fund during the 1st quarter valued at $811,000. Group One Trading LLC grew its position in Teucrium Corn Fund by 17,597.2% in the 1st quarter. Group One Trading LLC now owns 462,606 shares of the exchange traded fund’s stock valued at $8,512,000 after acquiring an additional 459,992 shares during the last quarter. Cetera Investment Advisers grew its position in 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 acquiring an additional 151,690 shares during the last quarter. Finally, CVS HEALTH Corp purchased a new stake in Teucrium Corn Fund in the first quarter worth $497,000.
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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