Short Interest in Teucrium 2x Daily Corn ETF (NYSEARCA:CXRN) Drops By 91.7%

Teucrium 2x Daily Corn ETF (NYSEARCA:CXRN) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 3,454 shares, a drop of 91.7% from the April 30th total of 41,513 shares. Based on an average trading volume of 29,028 shares, the days-to-cover ratio is presently 0.1 days. Currently, 1.5% of the company’s stock are sold short.

Teucrium 2x Daily Corn ETF Trading Down 2.9%

Shares of NYSEARCA:CXRN traded down $0.54 on Wednesday, reaching $18.29. The company had a trading volume of 28,457 shares, compared to its average volume of 15,005. Teucrium 2x Daily Corn ETF has a 52-week low of $16.72 and a 52-week high of $24.23. The firm’s 50 day simple moving average is $19.69 and its 200-day simple moving average is $19.30.

About Teucrium 2x Daily Corn ETF

The Teucrium 2x Daily Corn ETF (CXRN) is an exchange-traded fund that mostly invests in corn commodities. The fund is an actively managed fund that seeks 200% the daily price performance of corn futures. The fund invests via a subsidiary that holds the contracts CXRN was launched on Dec 12, 2024 and is issued by Teucrium.