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

Teucrium Corn Fund (NYSEARCA:CORN) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 1,813,420 shares, a growth of 71.9% from the August 15th total of 1,054,689 shares. Currently, 19.0% of the company’s stock are sold short. Based on an average daily trading volume, of 609,472 shares, the short-interest ratio is presently 3.0 days.

Hedge Funds Weigh In On Teucrium Corn Fund

A number of hedge funds have recently added to or reduced their stakes in the company. Ball & Co Wealth Management Inc. purchased a new stake in Teucrium Corn Fund during the 1st quarter valued at $77,000. Geneos Wealth Management Inc. bought a new position in shares of Teucrium Corn Fund during the first quarter valued at $383,000. CVS HEALTH Corp bought a new position in shares of Teucrium Corn Fund during the first quarter valued at $497,000. IMC Chicago LLC purchased a new stake in shares of Teucrium Corn Fund during the first quarter valued at $750,000. Finally, Royal Bank of Canada purchased a new stake in shares of Teucrium Corn Fund during the first quarter valued at $811,000.

Teucrium Corn Fund Stock Down 0.7%

NYSEARCA:CORN traded down $0.14 during trading hours on Thursday, reaching $19.83. 688,634 shares of the company traded hands, compared to its average volume of 543,761. The business’s 50-day moving average price is $18.68 and its two-hundred day moving average price is $18.20. Teucrium Corn Fund has a 1 year low of $16.36 and a 1 year high of $20.43.

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%.