Teucrium Corn Fund (NYSEARCA:CORN) Sees Large Increase in Short Interest

Teucrium Corn Fund (NYSEARCA:CORN) was the recipient of a large growth in short interest in the month of 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 volume of 731,171 shares, the days-to-cover ratio is currently 0.5 days. Approximately 2.7% of the company’s stock are short sold.

Hedge Funds Weigh In On Teucrium Corn Fund

Hedge funds have recently modified their holdings of the stock. Safe Harbor Fiduciary LLC bought a new position in shares of Teucrium Corn Fund in the 4th quarter valued at about $66,000. Ball & Co Wealth Management Inc. bought a new position in shares of Teucrium Corn Fund in the 1st quarter valued at about $77,000. Group One Trading LLC grew its holdings in shares of 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 acquiring an additional 13,250 shares in the last quarter. Flow Traders U.S. LLC bought a new position in shares of Teucrium Corn Fund in the 3rd quarter valued at about $322,000. Finally, Geneos Wealth Management Inc. bought a new position in shares of Teucrium Corn Fund in the 1st quarter valued at about $383,000.

Teucrium Corn Fund Stock Performance

Shares of CORN traded down $0.39 during midday trading on Friday, hitting $18.14. The stock had a trading volume of 669,860 shares, compared to its average volume of 656,206. The company has a 50 day simple moving average of $18.38 and a two-hundred day simple moving average of $17.94. Teucrium Corn Fund has a twelve month low of $16.61 and a twelve month 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%.