Teucrium Corn Fund (NYSEARCA:CORN – Get Free Report) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,074,484 shares, an increase of 74.0% from the July 15th total of 617,413 shares. Based on an average daily trading volume, of 303,147 shares, the days-to-cover ratio is presently 3.5 days. Approximately 11.3% of the company’s shares are short sold.
Institutional Investors Weigh In On Teucrium Corn Fund
A number of large investors have recently bought and sold shares of CORN. Roan Capital Partners bought a new stake in Teucrium Corn Fund in the second quarter valued at $901,000. Royal Bank of Canada bought a new position in shares of Teucrium Corn Fund during the 1st quarter worth about $811,000. Group One Trading LLC grew its stake in shares of 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 buying an additional 459,992 shares during the period. Cetera Investment Advisers grew its stake in shares of 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 buying an additional 151,690 shares during the period. Finally, CVS HEALTH Corp bought a new stake in Teucrium Corn Fund in the 1st quarter valued at about $497,000.
Teucrium Corn Fund Stock Performance
Shares of CORN stock traded up $0.27 during trading hours on Monday, hitting $18.52. 292,024 shares of the company were exchanged, compared to its average volume of 541,257. The company has a 50 day simple moving average of $17.42 and a two-hundred day simple moving average of $17.85. Teucrium Corn Fund has a fifty-two week low of $16.36 and a fifty-two week 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%.
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