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

Teucrium Corn Fund (NYSEARCA:CORN) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 1,074,484 shares, a growth of 74.0% from the July 15th total of 617,413 shares. Currently, 11.3% of the shares of the company are sold short. Based on an average daily volume of 303,147 shares, the short-interest ratio is currently 3.5 days.

Teucrium Corn Fund Stock Down 0.1%

NYSEARCA:CORN traded down $0.02 during trading hours on Tuesday, hitting $18.44. 176,110 shares of the company were exchanged, compared to its average volume of 539,956. Teucrium Corn Fund has a 52-week low of $16.36 and a 52-week high of $19.13. The company’s 50 day moving average price is $17.45 and its 200-day moving average price is $17.86.

Institutional Investors Weigh In On Teucrium Corn Fund

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Safe Harbor Fiduciary LLC acquired a new position in shares of Teucrium Corn Fund in the 4th quarter valued at $66,000. Ball & Co Wealth Management Inc. acquired a new stake in Teucrium Corn Fund during the 1st quarter worth about $77,000. Group One Trading LLC lifted its position in Teucrium Corn Fund by 633.7% during the 2nd quarter. Group One Trading LLC now owns 15,341 shares of the exchange traded fund’s stock worth $271,000 after acquiring an additional 13,250 shares during the period. Flow Traders U.S. LLC purchased a new stake in Teucrium Corn Fund during the 3rd quarter valued at about $322,000. Finally, Geneos Wealth Management Inc. purchased a new stake in Teucrium Corn Fund during the 1st quarter valued at about $383,000.

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%.